Hello - the seller of the 52 unit portfolio deal and requesting a letter of intent made out to the attention of Realty Express. In the letter of intent please outline the offering price, what time frame you guys are requesting for inspection period so you can due your diligence. They also want to know your expected closing date. If you can get that over to me, I will send it to them right away. At that point they will in fact if everything is acceptable they will put a contract together and send it back to me.
Large Turn Key Investment Portfolio On Clevelands West Side ~~~~
Great Cap Rate~~~~
Seller financing may be available ~~~~~~ 1.4 million down payment & 1.4 million will hold on paper
$2.8 million package portfolio consisting of 52 (SFH) on the West Side of Cleveland.
Currently, 50 of them are occupied. Current monthly income is $42,867 bringing this awesome portfolio to a 18.3% CAP Rate before expenses. Most of the portfolio consists of CMHA & EDEN tenants.
Contact us directly either by email or by phone at 872-903-3796 as for Pamela I will email you the properties address spreadsheet.