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Simply Better Realty
5716 Hosmer Avenue, Cleveland, OH 44105
- $105,000
- 3
- BD
- 1
- BA
- 1,008
- SqFt
- List Price
- $105,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 5251348
- Subtype
- Residential
- Style
- Bungalow
- Year Built
- 1900
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,008
- Acres
- 0.08
- Subdivision
- Dippel & Pitras Resub
- Neighborhood
- Dippel & Pitras Resub
- MLS Area Major
- Cleveland
Property Description
Excellent Rental Property Purchase - this one of 3 is a 1,008 sq. ft. Bungalow featuring 3 bedrooms, 1 bathroom, basement, and a detached 2-car garage. Offered individually at $105,000 ONLY as part of a 3-property Investment Portfolio Package for $315,000 total. Full Portfolio Purchases only. All 3 Properties are Strictly Included a single sale - this equals 3 Single Family Rental Properties with tenants in place! One package asset is already CMHA subsidized, providing guaranteed income stability. This high-performance portfolio generates a $47,724.00 Gross Annual Rent, a 6.60x GRM, and a strong Net Operating Income (NOI) of $41,347.20. Features an efficient 13.36% Operating Expense Ratio (OER) with a verified net lease structure where tenants pay 100% of standard utility outlays. Sold strictly AS-IS with a 0% vacancy rate assumption. Capitalize on immediate, optimized cash flow!
Additional Information
- Taxes
- $1,388
- Property Description
- Bungalow
- Appliances
- Dryer, Range, Refrigerator, Washer
- Heating
- Forced Air
- Air Conditioning
- Wall/Window Unit(s)
- Stories
- 1
- Levels
- One and One Half, One
- Roof
- Asphalt, Shingle
- Parking Features
- Detached, Garage
- Garage Spaces
- 1
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Amanda Turney, amandahelpsrealestate@gmail.com With Russell Real Estate Services
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