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6914 Polonia Ave
6914 Polonia Ave
Cleveland, OH 44105
About
Property originally listed for sale on the marketplace by Tim Boldt and Corinne Boldt.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Updated as of 12/15/2024:
Owners voted to list the property for sale. See the "Property Updates" section below for more details.
This property is managed by Yhome Nursing LLC. View Yhome's Profit First System here.
The property's unpaid bill balance is $9,776 and the property owes $15,000 for repairs as of 12/04/2024.
2-Unit property (Duplex) located in Cleveland, Ohio.
Details
- Renovated in 2021
- New interior and exterior paint, new light fixtures, two new hot water tanks, new bathrooms, some doors have been replaced, laminate flooring and carpet installed three years ago, and new electrical panels.
- Located on a 4,795 sq ft lot
- Contains 4 bedrooms and 2 bathrooms
- 3 parking spaces
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by Yhome Nursing LLC
- Property Management Agreement
- Insurance Policy from Shelter Mutual Insurance Company
Occupancy Status
Unit 1
- Listed for rent
Unit 2
- 1 year lease (12/06/2024 - 12/05/2025)
- $795/month
- $795 Security Deposit
- Lease Agreement
Location Data
Due Diligence Documents
- HouseCanary Property Valuation Report (HouseCanary valuations are less accurate for 2+ Unit properties, like this property)
- Assignment Contract
- Operating Agreement
- Closing Statement
- Property Deed
- View All Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
About this offering
The Market
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Governance Results for 6914 Polonia Ave:
The Governance Voting results are back for the owner-proposed governance votes.
The first winning vote is:
Yes [authorize Earl Vanze Co to act as Authorized Representative on behalf of the DAO]
This voting option received 257/257 votes which is equal to 100% of the token votes.
The voting results can be found on chain here or by searching the application ID: 3473011435
The second winning vote is:
Yes [authorize Earl Vanze Co to serve as the single point of contact for the DAO and liaison to legal counsel on behalf of the DAO, and further authorizes Earl Vanze Co to receive any and all litigation updates from legal counsel on behalf of the DAO, and to make any decisions with respect to the prospective litigation and to authorize any action in the prospective litigation on behalf of the DAO. Such authorization will continue throughout the pendency of the litigation until resolution is reached by settlement, adjudication on the merits, or dismissal, unless otherwise terminated by a valid and enforceable vote of the DAO]
This voting option received 257/257 votes which is equal to 100% of the token votes.
The voting results can be found on chain here or by searching the application ID: 3473012072
Investor Reviews
Frequently Asked Questions
Have questions?
Have other questions? Learn how Lofty works
Share price
6914 Polonia Ave
Cleveland, OH 44105
About
Property originally listed for sale on the marketplace by Tim Boldt and Corinne Boldt.
Click here to learn more about how third parties sell their properties on the Lofty Marketplace.
Updated as of 12/15/2024:
Owners voted to list the property for sale. See the "Property Updates" section below for more details.
This property is managed by Yhome Nursing LLC. View Yhome's Profit First System here.
The property's unpaid bill balance is $9,776 and the property owes $15,000 for repairs as of 12/04/2024.
2-Unit property (Duplex) located in Cleveland, Ohio.
Details
- Renovated in 2021
- New interior and exterior paint, new light fixtures, two new hot water tanks, new bathrooms, some doors have been replaced, laminate flooring and carpet installed three years ago, and new electrical panels.
- Located on a 4,795 sq ft lot
- Contains 4 bedrooms and 2 bathrooms
- 3 parking spaces
- View Operating Reserve balance chart
- View property transaction data
Property Management and Insurance
- Managed by Yhome Nursing LLC
- Property Management Agreement
- Insurance Policy from Shelter Mutual Insurance Company
Occupancy Status
Unit 1
- Listed for rent
Unit 2
- 1 year lease (12/06/2024 - 12/05/2025)
- $795/month
- $795 Security Deposit
- Lease Agreement
Location Data
Due Diligence Documents
- HouseCanary Property Valuation Report (HouseCanary valuations are less accurate for 2+ Unit properties, like this property)
- Assignment Contract
- Operating Agreement
- Closing Statement
- Property Deed
- View All Documents
Property Management
Property Manager
Property manager details coming soon.
Due Diligence Documents
Offering Details
The Market
Cleveland, Ohio
Cleveland offers some of the most affordable housing of any major U.S. metro, backed by world-class healthcare employers like Cleveland Clinic and University Hospitals, plus Case Western Reserve University. West Side neighborhoods offer easy access to downtown, Lake Erie beaches, and the Metroparks. Playhouse Square, three pro sports teams, and the RTA rapid transit line add to the appeal, while a large renter population supports steady demand.
Property Updates
Governance Results for 6914 Polonia Ave:
The Governance Voting results are back for the owner-proposed governance votes.
The first winning vote is:
Yes [authorize Earl Vanze Co to act as Authorized Representative on behalf of the DAO]
This voting option received 257/257 votes which is equal to 100% of the token votes.
The voting results can be found on chain here or by searching the application ID: 3473011435
The second winning vote is:
Yes [authorize Earl Vanze Co to serve as the single point of contact for the DAO and liaison to legal counsel on behalf of the DAO, and further authorizes Earl Vanze Co to receive any and all litigation updates from legal counsel on behalf of the DAO, and to make any decisions with respect to the prospective litigation and to authorize any action in the prospective litigation on behalf of the DAO. Such authorization will continue throughout the pendency of the litigation until resolution is reached by settlement, adjudication on the merits, or dismissal, unless otherwise terminated by a valid and enforceable vote of the DAO]
This voting option received 257/257 votes which is equal to 100% of the token votes.
The voting results can be found on chain here or by searching the application ID: 3473012072
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Not paying rent right now
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$0.00
Monthly Rent
$0.00
Monthly Expenses
$0.00
Paid to investors
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+3.6%
per year over 7 years
7-Year Projection
$1,286
+$286 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.