5716 Hosmer Avenue Cleveland, OH — $105,000

5716 Hosmer Avenue | Cleveland

Excellent Rental Property Purchase - this one of 3 is a 1,008 sq. ft. Bungalow featuring 3 bedrooms, 1 bathroom,\r\nbasement, and a detached 2-car garage. Offered individually at $105,000 ONLY as part of a 3-property Investment\r\nPortfolio Package for $315,000 total. Full Portfolio Purchases only. All 3 Properties are Strictly Included a single sale - this\r\nequals 3 Single Family Rental Properties with tenants in place! One package asset is already CMHA subsidized, providing\r\nguaranteed income stability. This high-performance portfolio generates a $47,724.00 Gross Annual Rent, a 6.60x GRM,\r\nand a strong Net Operating Income (NOI) of $41,347.20. Features an efficient 13.36% Operating Expense Ratio (OER)\r\nwith a verified net lease structure where tenants pay 100% of standard utility outlays. Sold strictly AS-IS with a 0%\r\nvacancy rate assumption. Capitalize on immediate, optimized cash flow! MLSNow 5251348 Directions to property: I-77 N at Exit 159A (Harvard Ave). Head east on Harvard Ave toward E 55th St. Turn left (North) onto E 55th St. Turn left onto Hosmer Ave.