Susan Hallstrom
Realtor
REALTOR®, PSA, ABR
BEDS3
BATHS1 full
MLS#5260260
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONBliss-Clair Sub
SCHOOLEuclid City
Property Description
Excellent Investment Opportunity | 10.10% Cap Rate! Excellent opportunity to acquire an income-producing investment property in Euclid! Offered at $139,000, this tenant-occupied property provides immediate rental income with an established tenant paying $1,367 per month in base rent, plus $70 per month in pet fees, for a total monthly income of $1,437. The property generates $17,244 in annual gross rental income and has produced an actual Net Operating Income (NOI) of $14,041 over the trailing 12 months, representing an impressive 10.10% cap rate at the current asking price. Whether you're expanding an established investment portfolio or purchasing your first rental property, this is an excellent opportunity to acquire a property with an existing income stream and documented operating performance. Investor Highlights: Asking Price: $139,000 Monthly Base Rent: $1,367 Monthly Pet Fees: $70 Total Monthly Rental Income: $1,437 Annual Gross Rental Income: $17,244 Trailing 12-Month NOI: $14,041 Cap Rate: 10.10% Gross Rental Yield: 12.41% Tenant-occupied. Please do not disturb tenant. Showings by appointment only.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: None
Garage: 1
Heating: Forced Air
Home Style: Cape Cod
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,580 / year
Year Built: 1948
Feature Descriptions
Days on Site: 3
Exterior: Aluminum Siding, Vinyl Siding
Parcel#: 643-13-105
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Euclid City
Listed By / Shown By
Listed By
Agency Name: Smartland, LLC.
Agency Contact: 440-374-8403, realty@smartland.com
Shown By
Agent Name: Susan Hallstrom
Agent Phone: (740) 310-0118
Agency Title: Sulek & Experts Real Estate
Estimate Your Payment
Estimated Payment
$ 564.90 per month $309.35 Principal & Interest $215.00 Property Tax $40.54 Homeowner's InsuranceChange Payment Information
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964 E 225th Street | MLS# 5260260
This single family home located at 964 E 225th Street, Euclid, OH 44123 is currently listed for sale with an asking price of $139,000. This property was built in 1948 and has 3 bedrooms and 1 full baths. E 225th Street is located in the Bliss-Clair Sub subdivision within the Euclid City school district. Search Bliss-Clair Sub real estate on shallstrom.sulekandexperts.com today.