Pierpont Ave Cleveland, OH...SOLD...Fully Rehabbed Large Single Family Rented for $795/Mo..Solid Investment Property with 15.8% Annual Net Returns!!
Price: $47,900.00
Property Location
Pierpont Ave
Cleveland, OH 44108
Bedrooms: 4
Bathrooms: 1
Contact Information
Cleveland Income Properties
Cleveland Income Properties is the True One Stop Shop for all your Investing Needs….

We offer quality, Real Turn-Key Investment Properties as well as the following Investment Specialists to assist you on your Real Estate Investment Journey:

• Specialists who can work with you to Maximize Your Investment Potential!
• In-Place Property Management
• Retirement Account Specialists (Buy this Property in your Retirement Account!)
• Creative Financing Partners
• Insurance Specialists....and much more!

Contact Us Today for Details


Property Amenities/Work Completed

This property has been fully rehabbed. Amenities include:

• Brand New Roof
• Freshly Painted Interior
• Newly Refinished Hardwood Floors
• Updated Electrical
• Brand New Plumbing
• Brand New Hot Water Tank
• Newer Boiler Heating System (5 Years Old)
• Remodeled Kitchen
• Remodeled Bathroom
• Private Driveway

Rental Information

Rents @ $795 a month to a Brand New Tenant on a One-Year Lease. This Tenant will pay a Security Deposit equal to one month's rent at move-in. This deposit will be credited to the New Owner at closing. The Current Property Manager who places this Tenant will stay on and manage this property for the New Owner, ensuring a smooth transition after the sale.

Monthly Expenses

Property Taxes….$53.25
Water…Tenant Responsible
Sewer/User Fee…Tenant Responsible
Lawn…Tenant Responsible
Gas/Electric…Tenant Responsible
Snow Removal…Tenant Responsible
Property Management… $75.00

Total Monthly Expenses: $168.25

Income/ROI Information

Total Monthly Rental Income: $ 795.00
Total Monthly Expenses:         $ 168.25
Positive Monthly Cash Flow:    $ 626.75

Return on Investment: 15.8% (Based on Sale Price of $47,900) 
All information in this site is deemed reliable but is not guaranteed and is subject to change