SoldJan 31, 2020

Listed and Bought with Liz Schorgl from Howard Hanna

Source: MLS Now #4153453

8200 Beman Ave, Cleveland, OH, 44105

$40,000

3
1
2
1226 sq. ft.
0.13 ac.

SingleFam

30+ days on the market

Sold: Jan 31, 2020

What's around 8200 Beman Ave

About this property

Turnkey investment generating substantial ROI. This 3 bed/1 bath home is currently rented for $843.00 per month. The home interior has been refurbished with a new water heater, and a new furnace. The bathroom and kitchen were completely redone, as were the floors, walls, and ceilings. Annual expenses are about $2,800.00, which yields an annual cash flow of about $7,000.00. Depending on how you structure the buy, this property can potentially yield between 14%-16% return on your investment. With the work completed and a tenant in place, there is nothing left for you to do but earn. Located just outside of Garfield Heights, this home is walking distance to public transportation, shopping, and the Mill Creek recreation area.

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