BEDS3
BATHS1 full
SQUARE FEET1,008
MLS#5251348
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONDippel & Pitras Resub
SCHOOLCleveland Municipal - 1809
Property Description
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!
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Unfinished
Cooling: Wall/Window Unit(s)
Garage: 1
Heating: Forced Air
Home Style: Bungalow
Lot Size: 0.08 Acres
Roof Type: Asphalt, Shingle
Stories: 1.5
Taxes: $1,388 / year
Year Built: 1900
Feature Descriptions
Appliances: Dryer, Range, Refrigerator, Washer
Days on Site: 9
Exterior: Vinyl Siding
Laundry: In Bathroom
Parcel#: 132-12-094
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: amandahelpsrealestate@gmail.com, 440-444-6343
Shown By
Agent Name: Kathy Burlas
Agent Phone: (330) 806-9480
Agency Title: DeHOFF REALTORS
Estimate Your Payment
Estimated Payment
$ 610.14 per month $463.85 Principal & Interest $115.67 Property Tax $30.63 Homeowner's Insurance
5716 Hosmer Avenue | MLS# 5251348
This single family home located at 5716 Hosmer Avenue, Cleveland, OH 44105 is currently listed for sale with an asking price of $105,000. This property was built in 1900 and has 3 bedrooms and 1 full baths with 1008 sq. ft. Hosmer Avenue is located in the Dippel & Pitras Resub subdivision within the Cleveland Municipal - 1809 school district. Search Dippel & Pitras Resub real estate on kburlas.dehoff.com today.