$119,000 Cleveland Triplex- 19% cap rate! Rehab mostly done. Mostly renovated triplex with near Glenville and steps from Forest Hill park in up and coming area. Neighborhood just south of this subdivision is selling in the $300s near University Circle, and rental properties are selling fast in the area. This building features a newer roof, newer windows, newer pex hot & cold plumbing, newer mechanicals, new interior and exterior paint, new or refinished flooring throughout, new energy efficient lighting, stainless appliances, security & surveillance system, solar motion sensors and more. Monitor your property from your phone! 2- 2 Bedroom/1 Full Bath 1,260 & 1,248 sqft Units 1-1 Bedroom/1 Bathroom unit 624 sqft 1248 sqft unfinished basement Off-street parking and private driveway. $900 +$85 Flat Fee Water -Tenant Pays All Other Utilities $875 +$100 Flat Fee Water-Tenant pays electric and agreeable to flat fee for shared gas with unit three $650 +$85 Flat Fee Water –Vacant/Rent Ready $2425+$285 $2710 Gross Income Monthly/$32,520 Annual Net Operating Income Estimated -$250 mo/$3000 Annual Management -$300 mo/$3600 Annual Estimated Water Charges -74.83 mo/$898 Annual Taxes -$185 mo/$2,160 Annual Insurance $22,852 Estimated Net Operating Income Both tenants fully qualified without housing assistance and inclusive attorney drafted leases. Units 1 & 2 have appliances, but third unit does not have appliances. *Units separately metered for electric. Please message, call or email with any questions. Can be delivered with management in place and third unit leased with third unit appliances for an additional $3,000. Call or text (720) 373-5211
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