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(440) 539-6347
Real Estate Company
964 E 225th Street, Euclid, OH 44123
- $139,000
- 3
- BD
- 1
- BA
- List Price
- $139,000
- Status
- ACTIVE
- Style
- Cape Cod
- Stories
- 2
- MLS#
- 5260260
- Year Built
- 1948
- Bedrooms
- 3
- Bathrooms
- 1
- Region
- Euclid
- Township
- Euclid
- Subdivision / Building
- Bliss-Clair Sub
Property Description
Excellent Investment Opportunity | 10.10% Cap Rate! Excellent opportunity to acquire an income-producing investment property in Euclid! Offered at $139,000, this tenant-occupied property provides immediate rental income with an established tenant paying $1,367 per month in base rent, plus $70 per month in pet fees, for a total monthly income of $1,437. The property generates $17,244 in annual gross rental income and has produced an actual Net Operating Income (NOI) of $14,041 over the trailing 12 months, representing an impressive 10.10% cap rate at the current asking price. Whether you're expanding an established investment portfolio or purchasing your first rental property, this is an excellent opportunity to acquire a property with an existing income stream and documented operating performance. Investor Highlights: Asking Price: $139,000 Monthly Base Rent: $1,367 Monthly Pet Fees: $70 Total Monthly Rental Income: $1,437 Annual Gross Rental Income: $17,244 Trailing 12-Month NOI: $14,041 Cap Rate: 10.10% Gross Rental Yield: 12.41% Tenant-occupied. Please do not disturb tenant. Showings by appointment only.
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Additional Information
- Taxes
- $2,580
- Acres
- 0.11
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Garage Spaces
- 1
- Heating
- Forced Air
- Cooling
- None
- School District
- Euclid CSD - 1813
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Listing Courtesy of: Valerie A Couch, valerie.c@smartland.com With Smartland, LLC.
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