Company Description
This property is an occupied, recently renovated single family home located in an A.I. recommended neighborhood of Cleveland.
This property was fully renovated in January 2020 and has been used as a short term rental and executive housing for the last 18 months. Mechanical, electrical, plumbing are all modern and in good working order. Kitchen and bath are done with higher end finishes. All appliances included - fridge, stove, washer, dryer. In the heart of Ohio City, one of the most popular Cleveland neighborhoods, walking distance to many restaurants, shops, and bars.
The tenant is on a three year lease for $1,700/month which started on 11/15/2021 and automatically renews on 11/30/2024 unless the tenant or LLC gives a 90 day notice prior to the end date not to renew.
The original purchase price of $199,000, reflected in the contract was recently changed by the seller to $192,000. An amendment has been uploaded to the 'Documents' link above.
Updates:
Update 5/24/2022: This property has officially migrated over to the new Property Manager, B2B Realty, based on the results of the prior governance vote. Because B2B Realty charges an 8% Property Management fee instead of the previous 10% fee, the Annual Cash Flow of this property has increased from $15,933 to $16,341.
