DESCRIPTION.md

Property originally listed for sale on the marketplace by *Gooding Family Home, LLC*.

[Click here](https://learn.lofty.ai/en/articles/6145558-how-the-lofty-marketplace-works) to learn more about how third parties list their properties on the Lofty Marketplace.

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Owners voted to list the property for sale. View the "Property Updates" section below for more details.

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2-Unit property (Duplex) located in Cleveland, Ohio. 

## Details
- Renovated in April, 2022. View all renovations [here](https://www.dropbox.com/s/e9ve065rny4cy98/Renovations%20%26%20Updates%20-%20Lofty%20Holding%2010724%20Gooding%20Avenue%20LLC.pdf?dl=0)
- Located on a 4,400 sq ft lot

## Property Management and Insurance
- Managed by ECO Systems LLC with AAPK Management as sub-PM reporting to Yhome Nursing LLC. In transition as of 10/18/2025.
- [Insurance Policy](https://www.dropbox.com/s/2bycuf1ojp7q2e5/Insurance%20%2806-01-2023%20-%2001-24-2024%29%20-%2010724%20Gooding%20Ave%2C%20Cleveland%2C%20OH%2044108.pdf?dl=0) through [Obie Insurance](https://www.obieinsurance.com/) 

## Occupancy Status
- **Upper Unit**
    - Vacant

- **Lower Unit** (Delinquent)
    - The tenant now has a past due subsidy balance of >$1,863.
    - The tenant signed a month-to-month MTM lease renewal at $950 valid from 07/01/2024 - 07/01/2025.
    - Section 8 - $633.00
    - Rent - $267.00
    - MTM mark-up - $50.00
    - Tenant was previously on a 1 year lease at $815/month
    - $815 Security Deposit
    - [Lease Agreement](https://www.dropbox.com/scl/fi/2oqeoujhiu9zuft22ispr/Lease-DN-07-01-2024-07-01-2025-10724-Gooding-Ave-Cleveland-OH-44108_Redacted.pdf?rlkey=84400h6fm93yxla23h961rdth&st=em59z7b8&dl=0)

## Location Data
- 1/5 Neighborhood Rating on [Roofstock](https://www.roofstock.com/get-neighborhood-rating)
- "C-" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/44108/)

## Due Diligence Documents
- [HouseCanary Property Valuation Report](https://www.dropbox.com/scl/fi/6kruzf3byz4del9abph5a/Property-Valuation-Reports-May-2024-10724-Gooding-Ave-Cleveland-OH-44108.pdf?rlkey=xyx3wtuxaqiorzwv6tyyivs6t&st=p7ur000m&dl=0)
- [Inspection Report](https://www.dropbox.com/s/p64rd89g0jk732m/Inspection%20Report%20-%20Lofty%20Holding%2010724%20Gooding%20Avenue%20LLC.pdf?dl=0)
- [Renovations and Updates](https://www.dropbox.com/s/e9ve065rny4cy98/Renovations%20%26%20Updates%20-%20Lofty%20Holding%2010724%20Gooding%20Avenue%20LLC.pdf?dl=0)
- [Purchase Agreement](https://www.dropbox.com/s/f4978wrmfyhyxfa/Purchase%20%26%20Sale%20Agreement%20-%20Lofty%20Holding%2010724%20Gooding%20Avenue%20LLC.pdf?dl=0)
- [Closing Statement](https://www.dropbox.com/s/i9yu04hgklij8ap/Buyer%20Closing%20Documents%20-%20Lofty%20Holding%2010724%20Gooding%20Avenue%20LLC.pdf?dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/jdlpv42voutqwefu4c5w1/DAO-Operating-Agreement-10724-Gooding-Ave-Cleveland-OH-44108.pdf?rlkey=73yhwbicbku4lm3nhy1i393w4&dl=0)
- [View All Documents](https://www.dropbox.com/sh/k6x9kmrflcpvf6t/AADXX1Xe_VVrgVM5sYOvQqgNa?dl=0)
- [View All Updates](https://www.loftyassist.com/properties/01G083E54FY7NBMBF6NSKQGNYD)