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Updated about 7 years ago,

User Stats

28,075
Posts
19,138
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,138
Votes |
28,075
Posts

A Grade Multi Family with a 30 year loan!!!!

James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Posted
FOR SALE

3096 Meadowbrook
Cleveland Heights, Ohio 44118

$174,900

LOCATION LOCATION LOCATION! Great area + Great tenants = Higher ROI.
CLICK HERE to see the grade that this neighborhood got.

HIGHLIGHTS
  • Side by Side Duplex
  • Located on the corner of 3096 Meadowbrook & 2231 Rexwood
  • Unit 1 is 4 beds & 2 bath. Tenant pays $1,338/mo (James mistakenly referred to this as a 3 bed 1 bath unit in the video analysis)
  • Tenant in unit 1 has been there on a written month to month lease since 2007
  • Market rent $1,400/mo-$1,500/mo
  • Unit 2 is 5 beds & 2 bath. Tenant pays $1,013/mo (James mistakenly referred to this as a 4 bed 1 bath unit in the video analysis)
  • Tenant in unit 2 has been there since 2009 on an oral lease
  • Market rent $1,400/mo-$1,600/mo
  • Total market rent up to $3,100/mo
  • Annual taxes $6,332.26
  • Estimated insurance $700/yr
  • Boilers are 20+ years old
  • Roof replaced in 2012
  • New windows installed in half the property around 2007
  • Can be purchased alone or in a package with 3084 Meadowbrook & 3374 Euclid Hts
Take a look at the Video Below. James Wise provides a complete investment analysis.
Investment Analysis with James Wise
CLICK HERE FOR MORE INFORMATION
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HoltonWise.com
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CLICK HERE IF YOU WOULD LIKE YOUR PROPERTY TO BE SOLD ON ONE OF THESE EMAILS
OVER $75 MILLION SOLD
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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
Offering

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