3215 W. 100th St., Cleveland Ohio 44111

3215 W. 100th St. Cleveland OH 44111

Block Of Units - Cleveland Ohio

3215 W 100th St. Cleveland OH 44111 · Tri-Plex

Named for the broad thoroughfare wending south from Lake Erie, West Boulevard offers residents a park-like feel with mature landscaping and spacious lawns. Described by locals as a “front porch” neighborhood, homes for rent include charming one- and two-story dwellings dating from the early 1900s. Hardly hidden, but a neighborhood gem all the same, Halloran Park features the city’s first water playground and provides the area’s only ice skating rink.

Residents of West Boulevard shop at the neighborhood Berea Road/West 117th shopping complex where suburban style meets local convenience. Neighborhood dining includes Mexican, Cambodian, and German eateries.

Property is located between Interstate 90 and Interstate 71 and just a few blocks away from prestigious Edgewater and Lake Erie.

Property will include
Roof repairs
New windows
Paint
Electrical repair
Plumbing Repair
Will do all repairs to pass section 8 inspections

Property Details
Home Size: 2,212 sqft
Lot Size: 3,136 sqft
Built in: 1919
Parking: Street

Gross Income
$1,500 mo. / $18,000 yr. 3 units x $500

Annual Expenses:
$1,500 Water
$0 Electric – Tenants Pay
$0 Gas – Tenants Pay
$600 Lawn Care
$ 0.00 Garbage – Tenants Pay
$900 Vacancy @ 5%
$900 Maintenance @ 5%
$1,440 Management @ 8%
$1,500 Property Taxes
$1,000 Property Insurance

($7,840) Annual Expense
$10,160 Annual Net Income ($846 per month)

Cap Rate
13.5%

Purchase Price
$75,000.00

*ROI is determined by cash flow, market appreciation, tax savings, principal pay down, and rental income. Past performance is no guarantee of future results and individual results may vary. The information and any statistical data contained herein have been obtained from sources which we believe to be reliable, but we do not represent that they are accurate or complete, and they should not be relied upon as such. All opinions expressed and data provided herein are subject to change without notice. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. Results shown here are not typical, results will vary based upon real estate prices, interest rates, creditworthiness and many other factors.