Sandusky Ave Cleveland, OH 44105
1200 sq. ft., 4 bedroom / 2 bathroom
Property Information
| Current Status | Occupied |
|---|---|
| Lease Start Date | 5/1/2026 |
| Lease End Date | 04/30/2027 |
| Utilities | Lawn paid by Owner |
| Initial Investment* | $48,063 |
*Includes down payment plus $3,000 of closing costs
Purchase Price $175,000
| Current Rent | $1,975 |
| Cap Rate | 10% |
| Cash on Cash Return* | 14% |
| Net Cash Flow Per Month* | $560 |
*Assuming 25% down with a loan at 1PTS + 7% interest for 30 years. Including equity build up and 3% appreciation per year.
- About This Property
Renovated duplex with 2 bedrooms and 1 bath each unit.
The area around Union–Miles Park has a strong neighborhood feel and a lot of classic Cleveland character. It’s also conveniently connected to the rest of Cleveland, with relatively quick access to downtown, major highways, parks, and local community amenities. Many buyers and investors like the neighborhood because it offers affordable entry points with upside potential as more homes are renovated and maintained over time.
Discover the perfect blend of comfort and convenience in this spacious two-bedroom unit! Nestled in a well-maintained multifamily property, this home features modern finishes, abundant natural light, and ample storage. Conveniently located near shopping, dining, and transit, it’s the ideal spot to call home.
Renovations include:
New Roof,
LVP floor,
HVAC,
Hot water heaters,
full painting – Interior and Exterior.
Refreshed kitchens and bathrooms.Two units: one section 8 (50%) and other cash.
Lease dates: 5/1/2026 thru 04/30/2027 and 01/02/2026 thru 01/01/2027.- Financing Options
MartelTurnkey has partnered with some of the top lenders that provide a wide range of financial solutions to meet your Rental investing needs. Talk to an Advisor to learn more or visit our partner to get pre-approved.
- Property Management Company
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- Investment Terms
Purchase and Sale Agreement (PSA): A PSA will be delivered electronically once an agreement has been made and must be executed by Buyer within 24 hours of receipt.
Earnest Money Deposit (EMD) of $1,000 must be wired to the Title Company within 3 days of PSA signing.
Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.
Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 45 days of PSA execution for financing unless otherwise agreed by Buyer and Seller.
Lease Agreement: The current lease agreement will be provided to Buyer at Closing.
Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Martel TurnKey to lower transaction costs for Buyers and Sellers. Actual closing costs will be outlined on the final settlement statement.- Buying Process
Click here to learn more about buying rental properties from MartelTurnkey. If you have any further questions, schedule a call with an advisor