4 Bed Land In Cleveland
* Section 8 allows annual rent increases!
* High yield property - excellent ROI!
* Tenants and management in place - turnkey!
* Immediate income - rents prorated at the closing!
* Previously sold for $97,000
12713 Locke Ave, Cleveland OH 44108 is a two story duplex features 2 beds, 1 bath in each unit; total of two 2 bed units as well as a full basement and attic.
This turnkey property is approximately 2,039 sq ft and it previously sold for $97,000 in August of 2005.
All section 8 inspections are passed and approved with guaranteed income paid directly into your bank account each month by the US Federal Government. Section 8 allows for annual rent increases.
Section 8 tenants are likely to remain in one particular unit for several years. Assistance helps them stabilize their home environment, which reduces turnover and income loss in a rental scenario.
Purchase Price: $61,900
Closing Costs: $600.00
TOTAL OUTLAY: $62,500
RENTAL INCOME: $12,888.00 per annum
Property Taxes: $706.00
TOTAL OUTGOINGS: $2,272.00
NET INCOME: $10,616.00
THE NET YIELD IS THEREFORE A FANTASTIC 16.99 %
For further information or to reserve this property, please complete the enquiry form as soon as possible.
Price: 61900.00 $ Bedrooms: 4 Bathrooms: 2