£74,822.00 - High ROI, Four Apartment House in Cleveland

£74,822.00 - High ROI, Four Apartment House in Cleveland

£749.00

This large four apartment multi-family home is located on a nice street in South

Broadway is just 5 miles from Downtown Cleveland. This property is also just two minutes

and just a short walk to the centre of Slavic Village one of the most demanded areas in

Cleveland.

The property is split into four, two-bedroom apartments. Three of the apartments have long-term

tenants in place. Two of the tenants are paying $500 in rent and the third tenant is paying $525

in rent each month. The vacant apartment has just been made rental ready and the management

company will place a brand new tenant also paying $500 in rent when the new owner closes on

the property. The house has recently also just had a brand new roof fitted and 4 new furnaces!

KEY FEATURES

• Eight bedrooms.

• Four Bathrooms.

• 3,406 sqft built.

• 5,200 sqft lot.

INVESTMENT DETAILS

• $ 24,300 Rent a year.

• $ 2,430 Management fees.

• $ 1,529 Property taxes.

• $ 1,000 Insurance.

• 23% Net return.

Secure today for: £749.00

Deposit Time Frame:
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The Vision

Investment Potential: Resale & strong rental demand.


The Numbers

Estimated ROI: 8% per annum guaranteed over 5 year period
Stamp Duty:  Click here
Legals & Conveyancing: £2000 (Inc. VAT)
Cost of works: N/A
Expiry of Investment Opportunity: 05/08/2021


The Know How

How It All Works
We work closely with a myriad of companies, auction houses, agents and traders, so that we can offer our clients quality assured additional services paired with lucrative investment opportunities. We offer property deals and property investments of a range of types & nature including probate properties, cash reduced properties, repossession properties, cash purchase properties, investment portfolios, slow to sell properties, motivated vendor properties, quick sale required properties, HMO licensed properties, unmodernised properties, land/plot’s, auction properties & short lease properties. 

We populate our investment pages weekly with investment opportunities and directly vend to enthusiasts, developers, investors, agents and more. We offer 3 strategic entry options tailored to all investors. Direct, Assisted Or LOA. We never ask for a full payment upfront to ensure that you get what you expect and deserve without any deception, confusion or rushing. We want to be a long term solution & resource that builds and develops relationships & networks via ethical business practices & proven results. We purposefully & pragmatically facilitate the purchase of the investment with our investors and our vendors at all times. We offer a unique strategy and structure that offers the opportunity of exclusivity for the interested party without having to exchange speedily. The vendor may be subject to 3rd party offers, just as they would in the real world naturally.

However, we communicate directly with the vendor/mandate to raise awareness and register your interest as our client. We also offer the opportunity for no other investors on our platform to view or engage with the investment as we take it off our our listing as soon as the holding deposit has been placed & paid in full. Placing your holding deposit is easy. Simply purchase this product with your desired holding time frame. Upon expiry of your purchase option, we will contact you to process your refund. Your refund will be subject to the terms and conditions of all refunds for investments. Please find the refunds terms below and on our refunds page.


Investment Strategy Options:

  1. Direct - 2%
    This involves purchasing the opportunity directly with adjoined processing & arrangement fees only after conducting your own research and due diligence. This involves an exchange of contracts as a commitment. All purchasers must complete full profiling & AML compliance. Our fees are 2% of the property purchase price adjoined with processing & arrangement fees. In order to get started, select your purchase option & place a refundable holding deposit for the period of exclusivity you desire. A maximum of 4-6 weeks, dependent on the investment particulars is usually available - as each investment will show the deposit time period being purchased at the time. This will secure your interest with the vendor whilst doing any due diligence or processing for this investment and will be refunded in accordance with our refund policy, so that you are able to use as capital for the investment. Please find out more information on how refunds for investments work below.

  2. Assisted - 3.5%
    We assist & aid the facilitation of the transaction for you by doing the hard work, chasing up, keeping you in the loop and outlining the investment and returns. All that need be done is to ensure that your selected solicitor firm or our partnered firm has the funds on account for the purchase, searches, submission, their legal feels, stamp duty & our fees at 3.5%. We hold your hand through every step of the way by doing the investment report for you and putting you in the best legal hands to process your transaction. A turnkey solution that will take you from an interested party to an invested party, whether it be solely or collaboratively. In order to get started, select your purchase option & place a refundable holding deposit for the period of exclusivity you desire. A maximum of 4-6 weeks, dependent on the investment particulars is usually available - as each investment will show the deposit time period being purchased at the time. This will secure your interest with the vendor whilst doing any due diligence or processing for this investment and will be refunded in accordance with our refund policy, so that you are able to use as capital for the investment. Please find out more information on how refunds for investments work below.

  3. Lease Option Agreement Bespoke Proposal - 2.5%
    This involves making an offer or proposal for the investment instead of seeking a direct or assisted purchase strategy. Learn more about this here. In order to get started, select your purchase option & place a refundable holding deposit for the period of exclusivity you desire. A maximum of 4-6 weeks, dependent on the investment particulars is usually available - as each investment will show the deposit time period being purchased at the time. This will secure your interest with the vendor whilst doing any due diligence or processing for this investment and will be refunded in accordance with our refund policy, so that you are able to use as capital for the investment. Please find out more information on how refunds for investments work below.

Strategic Option Fees Due In Full On Exchange Of Contracts:

  • Direct Option: 2% of the purchase price of the investment

  • Assisted Option: 3.5% of the purchase price of the investment

  • LOA Option: 2.5% % of the purchase price of the investment


Additional Fees Due In Full On Exchange Of Contracts:

  • Administration & Processing Fee: 0.5% of the purchase price of the investment

  • Arrangement & Facilitation Fee: 0.5% of the purchase price of the investment

  • Brokerage Fee: 0.5% of the purchase price of the investment

Refunds:
You are placing a refundable deposit when purchasing this opportunity. The deposit is calculated based on 1% of the investment purchase price for 1 week and 0.25% for every week extra. So, 6 weeks holding deposit will be 2.5% of the investment purchase price, 4 weeks will be 2% of the investment purchase price, 2 weeks will be 1.25% and so on.

The balance remaining of full fees are only charged and due once there is an exchange of contracts between the yourselves via your solicitors and the vendor via their solicitor.

If you'd like to cancel your investment and seek a refund on the deposit - the terms of the deposit are simple. Your deposit is refunded in 5-7 working days after we receive written confirmation via mail/email from the purchaser and confirm with the purchaser that they are no longer interested in proceeding with the sale once the time frame purchased has expired only.

We will require proof of identification, paired with written confirmation via mail/email from the purchaser and confirm with the purchaser that they are no longer interested in proceeding with the sale and will only be able to refund the amount to the payment method or bank account used in the first instance. In this event, we will refund the deposit, lesser the administration fee and processing fee of 0.5% of the purchase price of the investment.

Important Notes:
Investing - All purchasers must complete full profiling & AML compliance.

Brokerage - If you have been introduced via a broker to purchase this property, the same fees below will apply for the direct, assisted & bespoke strategy. However, there is an adjoined fee of 0.5% to compensate your broker for their introduction, admin & processing for this investment in addition to our fees. This is payable on the transaction date/exchange of contracts to your agent/broker/introducer directly as per your signed terms. Your broker may charge you a separate, additional charge for their services also. Please confirm this with your broker/introducer.

Help & Guidance:

Contact us if you need to discuss any investments, options, more information or need any assistance regarding this investment.

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