614 E 97th St

614 E 97th St

Available: 267 tokens at $56+

Min Investment
Cleveland, OH
Projected Return

Company Description

This property is an occupied Duplex located in Cleveland, Ohio built in 1917.
The following renovations were completed in 2019: New roof, new siding, new water heater & furnace, new floors, and fresh paint.
Lower unit: 1 year lease from 09/01/2021 - 08/31/2022 at $600/month (plus $100/month in utilities).
Upper unit: 1 year lease from 05/01/22 - 04/30/23 at $892/month. The seller is providing a rental credit until the lease starts.
The LLC is charging the Lower unit resident $100/month for utilities which is added onto the Annual gross rents in the 'Financials' tab above.
Refer to the 'Documents' tab above to view the following information:

Purchase Agreement
Inspection report
Inspection report repairs
Rent roll
Renovations & updates
Property description & utilities
HouseCanary report

Our A.I. does not have enough data for this property to make an accurate forecast of the future appreciation. Because of this, we are not projecting that this property will rapidly appreciate. The projected appreciation of 7.67% is determined by taking the average of HouseCanary's 3 year appreciation projection for the zip code.
The LLC documents will be uploaded to the 'Documents' tab once the property is fully funded and closed.
Amount Raised : $0
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