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TURNKEY REAL ESTATE with The Azzam Group

Turnkey properties

4 Bed | 1 Bath | 1,653 Sqft

Purchase Price $195,000.00

Property Type Cap Rate Cash on Cash Return
Single Family
7%
5.75%
Current Status Current Rent Lease Term Utilities
Occupied
$1,695
09/30/24
Tenant Pays All Utilities

Pro Forma

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Major Renovations Completed:
Full interior paint (walls, ceilings, doors & trim)
Touch up beams in living room to match
New LVP flooring in living room, front room, hallway & bedroom
New heat vents where needed
New carpet and pad throughout 2nd floor & stairs
Updated Electrical
– Light fixtures & bulb fixtures – flush mount
– New outlets & switches, including covers
– New GCFIs (kitchen, bathrooms, utility room)
– All low voltage removed throughout interior & exterior
– Smoke Detectors & CO detectors (1 in each bedroom, hallway upstairs, 1 in main floor hallway)
– New light bulbs throughout
Renovated Kitchen
– Cabinets painted & new hardware installed
– Granite countertops
– New faucet & drain
– New LVP flooring
– New dishwasher & microwave hood
Brand New Bathroom
– New tile tub surround w/ concrete backer
– New posi-tempt shower fixtures
– New toilet
– New vanity
– New medicine cabinet
– New light fixture
– New LVP flooring
– New hardware
Drywall repairs throughout
New storm doors (front and back)
Landscaping (remove weeds, trim hedges/vegetation, mulching)
Tuck point & seal front steps
Tuck point brick veneer front corner & rear corner foundation
New doors & hardware throughout (including new or repaired bi-fold doors as needed)
Some new vinyl replacement windows & window repairs throughout

Our property management division, RE/MAX Haven Property Management, manages a portfolio of thousands of properties in the Cleveland & Akron areas. We specialize providing a worry-free property management experience. With over 30 full time employees, we offer dedicated service departments for maintenance, city/utility liaison, tenant support and marketing. 

Cash and most financing (including DSCR, SDIRA, etc.). Referrals for lenders available upon request.

$1,000 seller credit toward interest rate buy down.

The Azzam Group | RE/MAX Haven Realty
34050 Solon Road, Suite 100, Solon, OH 4413

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