Big bonus: the tenants want to buy this home and will qualify in about a year. Get this home now and enter into a lease option with the tenants for a purchase price with a projected gain of more than $15,000 in one year on top of the projected 14.2% return during the lease option period. Buy this home now and in the spring take out a mortgage based on rising property values and get all of your capital back.
Turnkey Real Estate Property Available Now
Price $42,567 – Cash
Newly renovated: new plumbing, finished basement , new kitchen floor, interior paint,
Very good tenant in place. Lease just signed
$800 per month rent collected.
Projected net rent collected after insurance, taxes and property management $512
Annualized cash on cash return – 14.2% projected
Property management in place
Buyer receives final inspection report so you know the exact condition of the property
100% turnkey – buyer is paid the net rent monthly
More Pictures Coming Soon!
Instantly appealing – newly renovated home featuring three bedrooms and one and a half baths. The kitchen has ceramic tile floors. The large patio can be accessed from the downstairs bedroom. The patio extends to the garage and includes a covered section off the garage. The large yard features a chain link fence including a gate for the drive way. The newer oversized two-car garage is a great place for hobbies or other work and includes a gas furnace, work benches & electricity.
3791 E 149th St, Cleveland, OH 44128
1174 sq ft
3 bedroom 1.5 bath
2 car garage
Click Here for Zillow listing
Referral Fee: $500
Steve Pohlit, Managing Partner