BEDS3
BATHS1 full
SQUARE FEET1,440
MLS#5251295
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONStanley
SCHOOLCleveland Municipal - 1809
Property Description
Excellent Rental Property Purchase - this one of 3 is a 1,440 sq. ft. Cape Cod featuring 3 bedrooms, 1 bathroom, a full 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!
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Unfinished
Cooling: Wall/Window Unit(s)
Garage: 2
Heating: Forced Air
Home Style: Cape Cod
Lot Size: 0.10 Acres
Roof Type: Asphalt, Shingle
Stories: 1.5
Taxes: $1,440 / year
Year Built: 1910
Feature Descriptions
Appliances: Dryer, Refrigerator, Washer
Days on Site: 1
Exterior: Vinyl Siding
Laundry: In Basement
Parcel#: 131-35-083
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: amandahelpsrealestate@gmail.com, 440-444-6343
Shown By
Agent Name: Traci Skipper
Agent Phone: Cell: (330) 418-6964
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 614.48 per month $463.85 Principal & Interest $120.00 Property Tax $30.63 Homeowner's Insurance
3707 E 54th Street | MLS# 5251295
This single family home located at 3707 E 54th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $105,000. This property was built in 1910 and has 3 bedrooms and 1 full baths with 1440 sq. ft. E 54th Street is located in the Stanley subdivision within the Cleveland Municipal - 1809 school district. Search Stanley real estate on tskipper.dehoff.com today.