Subject Property:
3332 Cedarbrook Rd, Cleveland Heights, OH 44118 | 6bd/2ba Duplex | 3,583 sqft | 100% Occupied Month-to-Month Tenants | No major repairs needed. All essential mechanicals in good condition. 10yr old roof.
Asking: $165k
Unit 1: $960/mo Market Rate: $1546 (9yr tenant)
Unit 2: $1,130/mo Market Rate: $1546 (4yr tenant)
Comps:
1671 Coventry Rd 5bed-3ba SOLD $247K 12-19-22
3128 E Derbyshire Rd 6bed-2ba SOLD $316K 12-22-22
1735 Preyer Ave 6bed-3ba SOLD $236K 11-22-22
3424 Beechwood Ave 6bed-2ba SOLD $280k 10-24-22
3164 Meadowbrook blvd 5bed-3ba SOLD $220K 12-17-22
ARV: $259k
Terms of Offer:
- Buyer pays all closing costs (except delinquent taxes/utilities)
- Cash Only
- Close within 5-10 business days @ Bridge Title & Escrow Services LLC
- Sale is as-is
- EMD $2,000 (non-refundable unless title doesn’t clear)
