Turnkey Properties
- 5601 Northcliff Ave, Cleveland, OH 44144
$235,000
Property Overview
- Property Type: 2-FAMILY HOME
- 2 Units: 2 Bed
- 1,026 Sqft Each
- 1 Bath
- 1 Garage
Additional Information
- Cap Rate: 7%
-
Current Rent: $1,150/Month
$95/Night
- Cash on Cash Return: 7%
-
Current Status: Up Unit: Vacant
Down Unit: Short Term Rental
- Lease Term: -
- Utilities: Tenant Pays Gas & Electric
Sold
Renovations
Major updates completed:
– New roof on house and garage
– New garage doors (2)
– Stabilized foundation with installation of steel posts
– Full exterior grading and landscaping
– Professional exterior paint – two tone color
– New concrete driveway, service walk and rear patio
– Rebuilt rear balcony and posts
– New HVAC (2 furnaces)
– New hot water heaters (2)
– Updated electrical panels/breakers and exterior service
– New interior and exterior lights
– New switches/outlets/fixtures
– New plumbing in both units – including drain lines down to basement
– Completely refinished hardwood flooring in both units
– New kitchens in both units – cabinets, granite countertops, LVP flooring, fixtures, backsplash
– New stainless steel appliances in both units
– New bathrooms in both units – tile surround, vanities, faucets, fixtures, exhaust fans, toilets
– Completely furnished lower unit for short term rental use
– New lock sets, hardware, venting, etc.
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 conventional financing. Referrals for lenders available upon request.
$1,000 seller credit toward interest rate buy down.
