Turnkey Properties
$130,000
Property Overview
- Property Type: SINGLE FAMILY HOME
- 3 Bed
- 1,116 Sqft
- 1.5 Bath
- 1 Garage
Additional Information
- Cap Rate: 8%
- Current Rent: $1,250
- Cash on Cash Return: 7%
- Current Status: Tenant Occupied
- Lease Term: 04/30/2025
- Utilities: Tenant Pays All Utilities
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Renovations
– New hot water tank
– Updated electric panel
– Interior painting throughout
– LVP flooring in kitchen, stairs to the basement
– Refinished hardwood floors throughout the first level
– Updated kitchen (new pulls, light fixtures, paint, flooring)
– Updated 3rd bedroom – 2nd floor (new carpet, paint, light fixtures, switches, etc.)
– New light fixtures, switches, outlets, smoke and CO detectors
– Enclosed front porch with new paint
– Exterior power washed
– Painted exterior of the foundation
– Repaired vinyl garage siding
Pro Forma
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Property Management
Our property management division, RE/MAX Haven Property Management, manages a portfolio of thousands of properties in the Cleveland & Akron areas. We specialize providing a worry-free property management experience. With over 30 full time employees, we offer dedicated service departments for maintenance, city/utility liaison, tenant support and marketing.
Buying Options
Cash and most financing (including DSCR, SDIRA, etc.). Referrals for lenders available upon request.
Rental resale properties subject to 1% buyer fee.
