$67,000 Cleveland. Great Refurbished And Tenanted Triplex 17.43% NET Yield.

  • Price: 67000.00 $
  • Bedrooms: 6
  • Bathrooms: 3
  • Size (M2): 217

NOW AVAILABLE WITH 50% SELLER LOAN. PLEASE COMPLETE THE ENQUIRY FORM TO RECEIVE BROCHURE WITH ALL THE FINANCIALS.

 

This is a great opportunity to acquire a spacious Triplex in South Collinwood District.

Built in 1918. This large property messaures 2,340 sq. ft. on a lot of 5,797 sq. ft. All 3 units fully occupied. Beautiful woodwork throughout, all three units have front porches and fireplaces, huge kitchens with eat-in areas, detached 2 car garage plus extra parking spaces. Lots of updates. Beautiful woodwork throughout, all three units have front porches and fireplaces, huge kitchens with eat-in areas, detached 2 car garage plus extra parking spaces.  

Copies of the leases and a Home Inspection Report will be provided to the buyer between reservation and the closing of the sale.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price:         $67,000

Fixed Closing Cost:    $2,500     (excluding optional title insurance, pro-rata share of property taxes, etc.)

TOTAL OUTLAY:         $69,500

RENTAL INCOME:       $16,800

OUTGOINGS:

PROPERTY TAXES:     $1,500

WATER:                    $840

INSURANCE:             $660

MANAGEMENT:          $1,680

TOTAL OUTGOINGS:  $4,680

NET INCOME:            $12,120

THE NET YIELD IS THEREFORE A FANTASTIC 17.43%

Please contact us for further information or to reserve this property.

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