If you’re in the market for an investment property in Cleveland, Ohio, look no further! This amazing turnkey rental is newly renovated, move-in ready, and offers excellent returns. With a 14% gross yield and a 10% cap rate, this property is a lucrative opportunity for investors seeking cash-flowing assets.
One of the standout features of this investment property is its recent renovations. The home has been updated with a new furnace and water tank, ensuring that the infrastructure is in excellent condition. This not only provides peace of mind to potential buyers but also reduces the likelihood of unexpected expenses in the near future.
The property can be delivered to the buyer either vacant or leased, depending on their preference. This flexibility allows investors to choose their own tenants or take advantage of the current rental market in Cleveland. Additionally, the property is Section 8 ready, making it an attractive option for those looking to tap into this government-subsidized rental program.
Inside, the kitchen has been fully updated with new appliances and offers plenty of room for growth. This is particularly appealing to potential buyers who may be interested in increasing rental rates or adding value to the property over time. The updated kitchen not only improves the overall aesthetic of the home but also enhances its marketability to potential tenants.
Whether you’re an investor looking to add to your portfolio or a first-time buyer searching for a place of your own, this Cleveland investment property is a must-see. With its attractive gross yield and cap rate, along with its newly renovated features, this property presents a unique opportunity for both short-term and long-term gains.
Cleveland, Ohio has become an increasingly popular market for real estate investors due to its affordability and potential for strong returns. The city’s revitalization efforts, coupled with its diverse economy and stable rental market, make it an attractive destination for those looking to invest in real estate.
Don’t miss out on this incredible opportunity to own an investment property in Cleveland, Ohio. With its turnkey condition, high yield, and attractive features, this property is sure to generate interest from both seasoned investors and first-time buyers alike. Contact a real estate agent today to schedule a viewing and see if this property is the right fit for you.
8205 Dorver Avenue, Cleveland, OH 44105