9unit Amazing Condition in Garfield Heights,Ohio!Seller financing

[Nicholas Varner]

Another great Commercial Property brought to you by the Holton Wise Property Group! This 1961 built 9-unit building is fully occupied property is located in a C+ grade neighborhood. It has long-term tenants that take very good care of their units. Many updates throughout the property. Contact me for even more information on this property. @James Wise thinks this one will fly off the shelf! This one will go quick, bring offers! 

Rent Roll available upon request. Proformas current and potential available. Conventional/Seller financing are all available. Bring term offers. Offers must include at least 40% down. Amortization and balloon payments are negotiable.

Financials:

• Asking price $425,000
• Square feet 12,253
• Using conventional financing 6.6% cap rate could be much higher using seller financing option

• Roof is 7 years old
• Owner owns all appliances except unit 5 refrigerator
• Windows (Alside) 3 years old
• Hot water tank 4 years
• Motion sensing lights 1 year old
• Furnaces in units 5 years
• Electrical panels in unit all updated
• gas lines to the house 2 years old
• water shutoff updated
• Coin laundry $30/month income
• Owner pays sewer $600-800/Quarter
• Owner pays water $450-500/Quarter
• Leaf guard gutters 4 inch plastic 2 years old
• Insurance $3000/year
• Electric $60/month
• Gas $60/month hot water
• Leases are month to month
• Indoor parking
• Separately metered gas/electric for each tenant
• More pictures available upon request
• Located right next to beautiful Metroparks