Description
Back on the market due to buyer failing to perform at the last minute. Well maintained, fully occupied, cash flowing duplex in Shaker Heights. Tenants are long term tenants on month to month leases that would like to stay, with monthly rents of $1,035/month and $850/month. Property is sub-metered for electric and gas. Landlord only pays for water / sewer. Upper unit connects to finished third floor with two additional bedrooms and one full bathroom with ~500 additional square footage of living space not referenced in public records. POS report available, and owners are currently working on correcting POS violations. Property can be delivered POS compliant to a buyer making a full price offer. Previous buyer's appraisal supported the $225k price before the POS repairs were made. This low maintenance turnkey property is the perfect portfolio builder for investors who are looking to sit back and collect the rent checks. See broker remarks or email broker for a video walk through of the property.
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6BEDS
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0.12ACRES
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3BATHS
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01/2 BATHS
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2,778SQFT
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$81$/SQFT
Listing information © 2022 YES-MLS.
Description
Back on the market due to buyer failing to perform at the last minute. Well maintained, fully occupied, cash flowing duplex in Shaker Heights. Tenants are long term tenants on month to month leases that would like to stay, with monthly rents of $1,035/month and $850/month. Property is sub-metered for electric and gas. Landlord only pays for water / sewer. Upper unit connects to finished third floor with two additional bedrooms and one full bathroom with ~500 additional square footage of living space not referenced in public records. POS report available, and owners are currently working on correcting POS violations. Property can be delivered POS compliant to a buyer making a full price offer. Previous buyer's appraisal supported the $225k price before the POS repairs were made. This low maintenance turnkey property is the perfect portfolio builder for investors who are looking to sit back and collect the rent checks. See broker remarks or email broker for a video walk through of the property.
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 Jose Medina and Associates | Keller Williams Legacy Group 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 2022-08-14T19:08:46.053.