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$105,000
5716 Hosmer Avenue, Cleveland, OH 44105
3
Bedrooms
1
Bathrooms
1,008 sqft
Living area
0.084 acres
Lot size
1
Garage
1
Stories
Excellent Rental Property Purchase - this one of 3 is a 1,008 sq. ft. Bungalow featuring 3 bedrooms, 1 bathroom, 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!
Heating
Cooling
Parking
Appliances
Basement
Construction
5716 Hosmer Avenue, Cleveland, OH 44105
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Estimated monthly payment
$658
Estimates only. Taxes and insurance are approximated from the list price and vary by county and carrier. Talk to a lender for a real quote.