Renovation Highlights

  • Updated kitchen and baths!
  • Drywall repairs and fresh paint throughout!
  • New flooring & carpet throughout
  • New Windows Installed
  • Fresh Exterior Paint
  • Basement Interior Waterproofing Completed
$ 81,000
3 bd
1.5 ba
1,186 sqft
Turnkey Income Property
Monthly Rent: $1,050
***16 GRANGER ROAD, GARFIELD HEIGHTS, OHIO 44125

Property Overview

Leased for $1,050 per month + $100 for water usage. Located in a predominantly owner-occupied and popular area of southern Garfield Heights, this single family home investment property benefits from location with easy access to I-480 a close proximity to a new AMAZON distribution center – adding 2,000 new jobs! This property has a nicely updated full bath on the 1st floor and an updated half bath in the basement. The basement is partially finished with an excellent entertainment area which features a bar and also an updated half bath! A nice rear deck also provides for an outdoor entertainment area. Major improvements include: sump pump waterproofing, updated electric, new windows, new flooring/carpet/paint, and much more! Professional property management is in place to enable a seamless and passive ownership transition. Seeking passive cash flow and appreciation in a Cleveland turnkey property? Inquire today!
  • Fully Renovated

    i Fully renovated is a general marketing term applied for properties which have undergone comprehensive renovation and/or refurbishment improvements. Please review the “Renovation Highlights” and be sure to inquire about specific improvements were completed to properties in which you have interest. Ultimately, you should only depend on your observations and any reports obtained for complete accuracy.
  • Financing Available

    i This property is eligible for financing. You are welcome to use your own lenders (please have a qualified lender pre-approval ready), or ask us for our preferred lenders and we are happy to provide a referral.

Property Features

  • 3 Beds / 1.5 Baths / 1,186 Sq Ft
  • Rear deck
  • Partially finished basement w/ bar
  • Corner lot
  • Detached garage access

Property Highlights

  • Just leased at $1,050 + $100 per month for water!
  • Buy like-new for 81k!
    • Sold nearly 20 years ago in 2002 for $88,500!
  • Up to 85% LTV Investor-Financing Available!
  • Property management in place
  • Near new AMAZON center

YEAR 1 PROJECTED FINANCIALS: GRANGER

Direct Offer

$81,000

Price w/ Agent

$83,000

20% Down Payment

$16,200

Preferred Lenders LINK

https://2020realestate.com/how-it-works/

Annual Gross Income

$12,600

Est. Annual Property Taxes

$2,792

Annual Property Management

$1,260

*Rate is for illustration only. Lender fees may apply.

Disclaimer: The estimated analysis are presented in good faith and in no way represent a commitment on the part of the Seller(s), or any affiliate thereof, to provide the returns indicated herein. Please be sure to understand the risks associated with investing in real estate and make appropriate assumptions. Any promotions or other marketing statements must be included in the transactional paperwork associated with the property in order to be valid. 2020realestate.com is not a lender or property owner. Please be sure to conduct your own due diligence and seek your own professional advice.

Resources

Preferred Insurance Provider

NREIG.com

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