An outstanding opportunity to purchase a turnkey townhome or condo in Cleveland at exceptional prices. From just $25,400 you can purchase a 1 bedroom condo with options ranging up to 4 bedrooms. All units are tenanted with a number of leases dating back to 2009.
Full rental management is available to all owners and the units are generating in the region of 14% net. For full information on rental rates, lease dates etc per unit please don't hesitate to contact us.
Clare Manor townhomes details:
These properties are solidly built, two-story brick buildings, constructed in 1968. On offer are 13 units comprising :
- 5 one bedroom, one bathroom condos
- 4 two bedroom, one and a half bathroom townhomes
- 3 three bedroom, one and a half bathroom townhomes
- 1 four bedroom, one and a half bathroom townhome.
*11 units now remain. Please contact us for latest availability.
There are nine attached carport spaces. The townhouses are leased at below market rates, leaving ample upside potential for incremental rent increases.
Recently Clare Manor has completed major repairs and renovations. Recent improvements include new driveway leading to the carports, boiler that was installed in 2010, new hallway carpet and paint and updated landscaping. A monitored fire safety system with pull stations has been installed. Clare Manor has vinyl replacement windows.
HOA fees include water bills.
Priced to beat the competition
The average list price for similar homes for sale is $112,111 and the average sales price for similar recently sold homes is $94,845.
Clare Manor townhouses are selling from just $25,400 - giving big upside on price.
Clare Manor Townhouses overview
All units fully rented with long term tenants
1-4 bedroom units with covered parking on select units
Full turnkey property management in place
Cleveland, Ohio is ranked no.2 for job growth
- Listing status: Active
- Available from: Jun 21, 2013
- Listing #: 5198
- Hot water
- TV Cable
- Fitted kitchen
Latitude / Longitude: 41.415300 / -81.566000