Are you in search of a lucrative investment opportunity? Look no further than this remarkable Cleveland, Ohio investment property for sale. This turnkey rental is newly renovated and move-in ready, presenting an incredible opportunity for investors or those seeking a place of their own. With its exceptional features and high potential for returns, this property is sure to attract attention and won’t last long on the market.
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One of the most appealing aspects of this investment property is its impressive gross yield of 14%. This means that the property has the potential to generate significant income compared to its purchase price. Additionally, the property boasts a strong 10% cap rate, which measures the property’s profitability and return on investment. These figures indicate the immense potential to generate substantial cash flow from this investment.
The property’s recent renovations include a new furnace and hot water tank, ensuring that all essential systems are up to date and in excellent working condition. This not only provides peace of mind for investors but also minimizes potential maintenance costs in the near future. With these vital updates already taken care of, investors can focus on the property’s income-generating potential without worrying about immediate repairs or replacements.
Furthermore, this investment property offers the flexibility of being delivered vacant or already leased, depending on the investor’s preference. This adaptability allows investors to tailor their investment strategy to their specific needs and goals. Additionally, the property is section 8 ready, making it an attractive option for those interested in participating in government-assisted rental programs.
The updated kitchen with new appliances is a standout feature, making the property even more appealing to potential tenants. A modern and functional kitchen is often a key selling point for renters, and this property delivers just that. The ample space available also allows for further expansion or customization, providing an opportunity for investors to enhance the property’s value and attract a wider range of tenants.
Whether you are an investor looking for a cash-flowing property or an individual searching for a place to call your own, this Cleveland, Ohio investment property is a must-see. With its impressive return potential, recent renovations, and attractive features, it stands out as an exceptional investment opportunity. Don’t miss out on this chance to secure a profitable asset that will generate income for years to come. Act fast before it’s too late!
8205 Dorver Avenue, Cleveland, OH 44105