If you are in the market for an investment property in Cleveland, Ohio, then you don’t want to miss the opportunity that this amazing turnkey rental presents. This newly renovated property is move-in ready, and with its impressive numbers, it is sure to catch the eye of any savvy investor.
One of the most attractive features of this property is its impressive yield and cap rate. With a gross yield of 14% and a cap rate of 10%, investors can expect a solid return on their investment. These numbers make it clear that this property has the potential to generate substantial cash flow.
The recent upgrades to the property, including a new furnace and water tank, ensure that you won’t have to worry about any major repairs or replacements in the near future. This translates to peace of mind for investors, as they can focus on maximizing their returns without the added stress of unexpected maintenance costs.
Another advantage of this property is its flexibility. Whether you prefer to have the property delivered vacant or already leased, the choice is yours. This allows investors to tailor the property to their specific needs and investment strategies. Additionally, the property is Section 8 ready, opening up the possibility of guaranteed rental income for investors.
Inside the property, you will find an updated kitchen with new appliances. This modern touch not only adds value to the property but also makes it more appealing to potential tenants. With plenty of room to grow, this property offers an opportunity for investors to further increase its value and rental potential.
This property is not only ideal for investors but also for those looking for a place of their own. With its move-in ready status and desirable location in Cleveland, Ohio, this property offers the perfect opportunity to own a home in a vibrant city.
In conclusion, this Cleveland, Ohio investment property for sale is an incredible opportunity that should not be overlooked. With its impressive numbers, recent renovations, and flexibility, it has the potential to be a cash-flowing asset for any investor. Whether you are looking for an investment property or a place to call home, this property is a must-see. Don’t wait too long, as a property like this won’t stay on the market for very long!
8205 Dorver Avenue, Cleveland, OH 44105