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Home > Cleveland real estate for sale > Cleveland miscellaneous

Posted: Tuesday, January 30, 2018 6:53 PM

Collect $7,625/month OR MORE on this
12 units Apartment Complex
In Lorain, OH
*****Great Investment Property*****
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?
Now you can own 12 income-producing units through one property purchase!
PRICED TO MOVE QUICKLY: $375,000

This multifamily property offers multiple money-generating strategies:
All 12 units has great full view of the Lake, Great Investment Opportunity!
 85% Occupancy
 Cap Rate on Actuals: 11%
 Roof and Windows are installed few years ago
 Value play: Add coin laundry machines for additional income. Separate laundry room available
 28 min drive to Cleveland Hopkins International Airport
 26 min drive to Cleveland State University
 $45,335 Actual NOI
 Value play: Rent Increase!
 Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Network Power and many more..
 Individually metered – residents pay for electricity
 No Seller Financing
 Purchase Price $375,000

For IMMEDIATE DELIVERY of the Property Package:

Option 1: Text your name & email to 440-214-7803 and a packet will be emailed within 10 minutes

Option 2: Dial the voice box at 440-214-7803 and speak ONLY your name & email – a packet will be emailed within 10 minutes

• Location: Cleveland, Lorain, OH

• Post ID: 57739457 cleveland
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