3435 Beechwood Ave

Cleveland Heights, OH 44118
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6 bd, 3 ba | 3,074 sqft | Built in 1920

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List Price
$250,000

Initial Investment

$73,125

Purchase Price

$250,000

Down Payment

25%

Rent

$2,800

Total Return

$140,939

Annualized Return

26.3%

Cap Rate

8.2%

Gross Yield

13.4%

Cash Flow

$5,635

Appreciation

8.0%
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Features

Occupancy

Vacant

Property Type

Duplex

Lot Size

5,998

HOA

None

Flood Risk

Not Required

Greater investor property! Currently the third floor is not being leased out but potentially can be! Two units with 3 bedrooms and 1 bathroom, all have been renovated with laminate flooring, new paint, new kitchens and bathrooms. The first two units have porches. Shared basement with washer/dryer hookups for the first two floors. First floor is currently occupied at $1,300/month. Second floor just moved out and was $1,250/month.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$31,920

Expenses

-$8,581

Property Taxes

-$4,112

Loan Payments

-$13,591

Net Cash Flow

$5,635

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Valerie Couch
Smartland, LLC.
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceNortheast Ohio Real Estate Exchange (NEOHREX/NORMLS/CRIS/Tri-State)
MLS #4393162
Last Updated: 08/08/2022 17:08
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.