SELLER FINANCED APARTMENT BUILDING FOR SALLLLLLLLLLLLLLLLE

[James Wise]

FOR SALE 2073 Broadview/Roanoke Cleveland. Ohio, 44109 $234,900

You asked for it & it's finally here! A renovated apartment building with SELLER FINANCING!!! Do not miss out on this very RARE opportunity. The seller purchased this almost entirely vacant and highly distressed asset in cash in 2016 and has had Holton-Wise handling the management and renovations since. Now that the project is almost entirely complete and the building is running like a well oiled machine it is time for the seller to recoup his cash and collect the interest on the mortgage he is holding. What this means for you is the opportunity to step in right after all the dirty work has been completed. HIGHLIGHTS: Mortgage Terms 35% down payment Amortized over 30 years with a 7 year balloon 6.5% interest Rent Roll Unit 1 3 beds /1 bath. (Over 1k sq ft) Renovation under way. Market rent $750/mo Unit 2 1 bed / 1 bath. Currently leased $535/mo Unit 3 1 bed / 1 bath. Currently leased $495/mo Unit 4 3 beds / 1 bath. Currently leased $725/mo Unit 5 2 beds / 1 bath. Currently leased $625/mo Unit 6 Retail. Currently leased by a Barbershop for 5 years. The business owner is making renovations to the unit and the rent is tiered. The rent will top out at $700/mo Total Gross Rent $3,830/mo Highlights Each unit is separately metered for gas and electric (Tenants pay) Over $100,000 worth of work performed by Holton-Wise since 2016. Including a brand new $50,000 roof in 2017 Current property taxes $4,377/year Owner pays water & sewer As this was a complete renovation there are no historical financials CLICK HERE FOR MORE INFORMATION FOLLOW US ONLINE Facebook Twitter Instagram HoltonWise.com CLICK HERE IF YOU WOULD LIKE YOUR PROPERTY TO BE SOLD ON ONE OF THESE EMAILS OVER $75 MILLION SOLD

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CLICK HERE IF YOU WOULD LIKE TO LOWER YOUR INSURANCE PREMIUM Copyright © 2016 The Holton-Wise Property Group, All rights reserved. The Holton-Wise Property Group does not doubt the accuracy of any of the information contained herein. However we have not verified it and make no guarantee, warranty or representation about it. Properties listed herein may be listed by brokerages other than The Holton-Wise Property Group. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of any property. Actual results may vary from any projections, opinions, assumptions, or estimates and you should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. The Holton-Wise Property Group 4207 Brookpark Rd. Parma, Ohio. 44134. 216-661-6633