David Terbeek at Re/Max Haven Realty presents 4333 Bluestone, a multi-unit property in South Euclid, OH. The suburban location offers a quiet break from the city. The property consists of two 8-suite brick buildings and a 17-bay parking garage. Maintenance has been exceptional with multiple capital improvements. Many long-term tenants provide consistent cashflow, though rents are slightly below market, offering upside potential.

1. 4333 Bluestone, South Euclid OH
Financials were created by D Terbeek based on
information provided by seller.
Purchase Price 675,000 GRM: 5.98
Cap Rate: 9.3%
Scheduled Gross Rent 112,800 Exp ratio: 27.0%
Laundry 1,200 Cash on cash: 16.2%
Less Vacancy (10%) (11,280)
Less taxes (14,028)
Less water/sewer (6,600)
Less gas (8,400)
Less electricty (960)
Less insurance (3,060)
Less other expenses (6,804)
Net Operating Income (NOI) 62,868
Downpayment (20%) 135,000
Debt Service at 6.5% 40,958
Annual Cashflow 21,910
Suite Mix / Average Rent:
3 Bedroom:
2 Bedroom: 16 $588
1 Bedroom:
Efficiency:
Recent Capital Improvements:
New boilers in '05 (central heat)
New windows in 8 suites
Range & Fridge <3yrs in 1/2 of suites
All new water saving toilets in last 4 years
Presented by:
David Terbeek, ABR, CDPE, MBA
Re/Max Haven Realty
216‐926‐2900
Dave@ClevelandROI.com
www.ClevelandROI.com

2. 4333 Bluestone, South Euclid OH
David Terbeek at Re/Max Haven Realty presents 4333 Bluestone, South Euclid
OH. Situated on the corner of South Green at the edge of the Quarry Park, this
suburban location is well landscaped offering a quiet break from the city. The
suburban location is well landscaped offering a quiet break from the city The
property consists of 2 ‐ 8 suite brick buildings and a 17 bay parking garage.
The maintenance has been exceptional including multiple capital improvements.
Many long term tenants provide a consistent and stable cashflow. Rents are
slightly below market offering upside potential for a strong management team.
Presented by:
David Terbeek, ABR, CDPE, MBA
Re/Max Haven Realty
216‐926‐2900
Dave@ClevelandROI.com
www.ClevelandROI.com