Great investment opportunity!!! 4 Plex

849 E 150th St, Cleveland, OH 44110

$130,000 After Repair Value -
$105,000 Asking Price -
$2,500 Cost of Repairs =
$22,500 Potential Profit

Property Details

Asking Price $105,000

After Repair Value $130,000

Costs of Repairs $2,500

Potential Profit $22,500

Living Area 7140 ft2

Property Type 4-Plex

Bedrooms +7

Bathrooms 4

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $2,100

Yearly Expenses $12,032

Property Taxes $2,782

Net Operating Income $13,167

Cap Rate 12.5%

Property Description

4-Plex passive income property bringing in $2,100 a month. Owner pays water and sewer which averages to $500 a month (I suggest that tenants should pay water and sewer). Taxes are $2,782.96 a year. Maintenance $1,400 a year. Vacancy $1,000. Insurance $850
NOI $13,167.04 CAP RATE $12.5%

Repairs Needed

Minor cosmetic repairs

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