21871 Nicholas Ave Euclid, OH 44123
|Lease Start Date||N/A|
|Lease End Date||N/A|
|Utilities||Paid by Tenant|
*Includes down payment plus $3,000 of closing costs
Purchase Price $122,000
|Cash on Cash Return*||30%|
|Net Cash Flow Per Month*||$151|
*Assuming 20% down with a loan at 2PTS + 6.625% interest for 30 years. Including equity build up and 3% appreciation per year.
- About This Property
New kitchen counter top, new kitchen sink, new kitchen cabinet paint and hardware, new kitchen light fixture, new dishwasher, new fully remodeled bathroom, new bathroom sink, new bathroom tile surround, restored original hardwood flooring, new vinyl flooring at rear entrance, new carpet in bedrooms, new entrance door, at stairway, new door locksets throughout, new smoke and CO detectors, new switch and outlet covers, new GFCIs where needed, new light bulbs, new paint on basement walls and floors, new vinyl floors in basement bathroom, new paint on basement bathroom vanity, new basement bathroom faucet, new locks on garage, new interior paint throughout. Rare full bathroom in basement!
This property also comes with a Home Warranty.
Living room w built in cabinets & gleaming wood floors. Kitchen w bright white cabinets, unique shelving, & granite counter tops. The bedrooms are all nice sized & carpeted. Main floor full bath w a tub/shower combo while the 2nd bath is in the basement w an oversized stand up shower!
- 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
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