6 PLEX IN CLEVELAND |FULL REHAB NEEDED| ONLY ASKING 200K

Cuyahoga County, Cleveland, OH, 44110
Sold
Listed at: November 15th, 2023
Price
$200,000
ARV
$600,000
Gross Margin
$400,000
Sq. Footage
5355
Type
Multifamily
Parking
Driveway
Year build
1925
Lot size
acres
Bedrooms
16
Bathrooms
6
Half Bathrooms
0
Summary

Attention landlords and Investors looking to acquire a 6 plex in a decent area that would be a cash cow! This property needs the works as its down to the studs but has new electric and plumbing through out. Key features include:

6-plex in Cleveland

4 units (3/1) 2 units (2/1)

5355 sq ft

Property down to the studs

New electric and new plumbing through out the property

New windows and new roof

Property will be a cash cow!

3 bedroom apartment rents $1200+

2 bedroom apartment rents $900+

Could easily bring in $6,600 In rent a month

Located in a nice neighborhood off the shore of lake Erie

Only asking $200k

High cash on cash return

Cap rate once completed would be around a 15%

🔥Contact me today at 586-556-1365 to set up a walk through and to submit your highest and best offer🔥

BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.
● Buyer pays all closing costs
● Get in touch with us now!
NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER.
Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".
Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to our third party Title Company we use who will help facilitate the closing process.
Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.
Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 

DISCLAIMER: This is an Assignment of Contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT Brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.


Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Dominic Lafata

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Disposition manager