Cleveland Investment Property @ 16% CAP Rate

16606 Lotus Dr, Cleveland, OH 44128

$65,000 After Repair Value -
$46,000 Asking Price -
$0 Cost of Repairs =
$19,000 Potential Profit

Property Details

Asking Price $46,000

After Repair Value $65,000

Costs of Repairs $0

Potential Profit $19,000

Living Area 658 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 2

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Located in Lee Miles, this cute little investment property is a rental property gem. With market rents for more than $1,000, the current CAP rate would be at 16%!

The property is currently owner occupied but it will be vacant upon closing. For investors familiar with Cleveland, this area is in a great location with appreciation and is a rental property investors dream. There will definitely be a lot of offers place on this property so make sure to act quickly!

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