This property was leased in 2019 for $1,100 per month. During that time, there were a few rent upgrades, and the total net rent collected and deposited into the owner’s account was $38,050.
After upgrading the property, we sold it to an investor — and the property is now rented for $1,750 per month.
That is a $650 monthly rent increase compared to the 2019 rent, which equals an additional $7,800 per year in gross rent.
This shows the power of buying in the right area. The neighborhood continues to appreciate in both rent and equity, giving this investor strong long-term growth potential.
The story continues with new tenants paying $1,750 per month. This property is positioned for significant profit, long-term appreciation, and steady income. It is located in a strong rental area where people want to live — close to Lakewood, downtown Lakewood, Kamms Corner, shopping, restaurants, and freeway access.
The appraisal came in where we anticipated, and everything went smoothly as usual. This property will be a great income producer for the client. In the coming years, they can either sell for appreciation or keep collecting the monthly income.
This is true turnkey real estate for investors — buy, rehab, rent, sell, and manage, all handled by an experienced team.
1200+ properties and counting.
Need this kind of real estate?
Brett Young | Key Realty LTD 216-703-5740
Cleveland Income Real Estate
https://www.clevelandincomerealestate.com/
Stats: https://realincomeproperties.blogspot.com/
YouTube: https://www.youtube.com/@BrettYoungCashflowhomes
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Thank you