Skip To Content

17811 Neff Road

Cleveland, OH 44119
  • $695,000
  • STATUS: Contingent
  • ON SITE: 53 Days
  • MLS #: 4370111
Under Contract
$695,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Listing courtesy of Keller Williams Citywide.
Listing information © 2022 YES-MLS.

Description

This portfolio consists of 6 duplexes that are all located in trending fringe areas. The current owner targeted these areas for the quickappreciation. In just under 2 total years of ownership, they have all appreciated. He's ready to move into larger commercial deals sohe's passing these cash flowing assets on to you. All units are occupied and most have been renovated and are turnkey. Together, theybring in $8937/ mo (over $107k per year) The long term tenants are rented slightly below market and once fully stabilized you canexpect a monthly rent of over $10k total ($124k+ per year). Tenant quality is strong and all tenants are on time with payments. Expensesare low with tenants paying most utilities and taxes being less the $10k/year TOTAL. Assuming 50% expenses offers this portfolio offersyou a HUGE 8% return with room to add more! The entire portfolio also comes with built in equity. 17811 Neff is worth $170-180kalone. Parcel numbers include 114-03-021 , 113-20-108, 117-06-035, 015-08-148, 015-07-140, 139-19-042.

Monthly Payment Calculator

Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Trends Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-06-29T00:08:32.757.
www.trendsrealtyofohio.com/homes/128434178
Print Image

17811 Neff Road Cleveland, OH 44119

  • Price: $695,000
  • Status: Contingent
  • On Site: 53 Days
  • MLS #: 4370111
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1930
Built
Neighborhood:
East Shore Park
County:
Cuyahoga
Area:
Cle E 152nd & Grovewood To E 185Th)
Property Description
This portfolio consists of 6 duplexes that are all located in trending fringe areas. The current owner targeted these areas for the quickappreciation. In just under 2 total years of ownership, they have all appreciated. He's ready to move into larger commercial deals sohe's passing these cash flowing assets on to you. All units are occupied and most have been renovated and are turnkey. Together, theybring in $8937/ mo (over $107k per year) The long term tenants are rented slightly below market and once fully stabilized you canexpect a monthly rent of over $10k total ($124k+ per year). Tenant quality is strong and all tenants are on time with payments. Expensesare low with tenants paying most utilities and taxes being less the $10k/year TOTAL. Assuming 50% expenses offers this portfolio offersyou a HUGE 8% return with room to add more! The entire portfolio also comes with built in equity. 17811 Neff is worth $170-180kalone. Parcel numbers include 114-03-021 , 113-20-108, 117-06-035, 015-08-148, 015-07-140, 139-19-042.
Interior Features

Basement YN No Building Area Total 0 Heating Forced Air Heating YN Yes

Property Features

Lease Considered YN No Listing Terms CashConventional Ownership Resident Property Sub Type Apartment Sewer Public Sewer Township Cleveland Water Source Public Year Built Details Actual Ybt

Listing information © 2022 YES-MLS.
Listing provided courtesy of Keller Williams Citywide.
Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than RE/MAX Trends Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-06-29T00:08:32.757.
 
https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4370111-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4370111-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_4370111-2.jpg
Logo
RE/MAX Trends Realty
2930 Edison St
Uniontown OH, 44685
Listing courtesy of Keller Williams Citywide.
Listing information © 2022 YES-MLS.