26931 Shoreview Ave

26931 Shoreview Ave

Available: 20 tokens at $55+

Min Investment
Euclid, OH
Projected Return

Company Description

This single family home was renovated in June 2022 and is located in Euclid, Ohio.
The tenant is Section 8 (EDEN) and $1,300 out of the $1,400 in rental income is covered by the government.
They are on a 3 year lease from 7/01/2022 - 6/30/2025 with a security deposit of $1,300. The seller is providing a full rental credit until the lease begins. The tenant pays for all utilities and is responsible for lawn care.
Refer to the 'Documents' tab above to view the following information plus more:

HouseCanary Agile Evaluation
Renovations & updates
Purchase Agreement
Inspection report
Inspection report repairs
Rent roll
Lease Agreement
Sales price history

The LLC documents will be uploaded to the 'Documents' tab once the property is fully funded and closed.


Update 10/17/2022: The tenant reported damage to the exterior door. The Property Manager boarded the exterior door to secure it and made sure that it was functional. The cost of this emergency repair is $274. The PM visited the property again to replace the exterior door. They stated that the board was a temporary fix and the exterior appearance would flag a code violation. The cost to replace the exterior door is $325. The total cost of repairs is $599. These funds will be deducted from the Maintenance Reserve which will be replenished via 10% of the property's cash flow until it is full again.
Amount Raised : $0
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