Investors, we have a great opportunity to pick up 3 Duplexes in Cleveland, TN. These buildings are all on 1 parcel as you can see from the picture above.

2 of the buildings have updated siding and roofs with tenants in place.

The 3rd one has long term tenants on the LH side and the other side is newly remodeled and ready for new residents

All units are/were rented at $450 per month with the exception of the long term tenants who are at $100 per week/$433 per month annualized.

Purchase Price $145,000

Monthly Rent - $2,650 (4@ $450, 1@ $100 per week & 1 Vacant @ $450)

Landlord pays roughly $800 per month in utilities

(HOWEVER, the leases state that the tenants pay their own utilities... new owner can make this adjustment for HUGE cash flow gain!)

All units are 1 bedroom & 1 bath

Property management is in place

Units have window units for AC

Annual taxes - $1,712.01

All duplexes built in 1946

2 buildings are 936 sq ft.

1 building is 1,008 sq ft

They have public sewer, water, gas & electric

Zoned R-2

How do you buy these? Its actually pretty simple.. below is a link to a form you will fill out.. send it to us and we will prepare and send you the contract.

Then the buyer will sign the contract and provide a $5,000 EMD/Cashiers Check made out to Reli Settlement Solutions LLC. We will have a contingency in the contract to do a inspection on each unit and that the information provided is correct and that all units are in rentable or rented conditions. Because of the amount of interest that we have, we cannot run 20 buyers through these 6 units. I hope everyone understands and that makes sense.

It will take a signed contract and deposit to take this deal off the market.

So, here is your next step. If you want to grab these units, please fill out the attached form here. Make sure you put your best number on there and how you plan to fund the deal (cash/private money/hard money) If it is Hard Money, list who your lender is and their contract info so we can confirm. Also, a date that you can close by any additional things you want to stipulate. We will go with the highest and best offer Friday and notify you so that we can arrange to get the contract signed and the EMD to Reli. The title work is being completed this week and we will be available to close before the Holidays.

https://docs.google.com/forms/d/e/1FAIpQLSc9itQBfnCsAXUaEhg0PrMQjptcfKYMc0bw92ICXBmwCd8jsg/viewform?vc=0&c=0&w=1

Please call us with any questions.

DO NOT DISTURB THE TENANT IF YOU DRIVE BY.

All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...please add any commissions on top of my price. What I am selling is my assignable contract with the seller of the property. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $5,000 non-refundable deposit (cashiers check) at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of my contract with the seller to the buyer and are held at Reli Settlement Solutions in Chattanooga, TN