Rosewood Ave
Cleveland, OH 44105

1752 sq. ft., 4 bedroom / 2 bathroom
Duplex

Rosewood Ave</br> Cleveland, OH 44105
Rosewood Ave</br> Cleveland, OH 44105
Rosewood Ave</br> Cleveland, OH 44105
Rosewood Ave</br> Cleveland, OH 44105
Rosewood Ave</br> Cleveland, OH 44105
Rosewood Ave</br> Cleveland, OH 44105

Property Information

Current Status Occupied
Lease Start Date 04/01/2024
Lease End Date 04/15/2025
Utilities Lawn/Water/Sewer paid by Owner
Initial Investment* $40,800

*Includes down payment plus $3,000 of closing costs

Purchase Price $175,000

Current Rent $1,938
Cap Rate 9%
Cash on Cash Return* 37%
Net Cash Flow Per Month* $421

*Assuming 20% down with a loan at 2PTS + 7.25% interest for 30 years. Including equity build up and 3% appreciation per year.

About This Property

Rare Duplex in Cleveland!

Renovations include:

*New roof on house and garage.
*7 new windows.
*New garage doors (2 single doors).
*Full kitchen remodels with granite counters (new cabinets, new sinks, new stoves,2 kitchens in house).
*Remodeled both bathrooms (replaced tile floors, new toilets, retiled showers, new vanity’s, new mirrors/fixtures).
*Rehabbed basement (drylocked walls, 2 new water heaters, 2 new furnaces, new laundry tub, new kitchen stack).
*2 new electric panel boxes.

This house is being marketed for a FlipSystem client. One unit is section 8.

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

Click here to learn more about the property management in our markets. If you have any further questions please schedule a call with an advisor

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