DESCRIPTION-FULL-2026-04-12 - 9902 Garfield Ave, Cleveland, OH, 44108.md

Property originally listed for sale on the marketplace by *1326 E 93, LTD*.

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

---

We have sold the property via a $60,000 cash offer, no contingencies, closed 11/14/2025. Please see [HUD-1 settlement statement](https://www.dropbox.com/scl/fi/ue782ia57l5gpvfoywf8m/HUD-1-Legal-9902-Garfield-Ave-Cleveland-OH-44108.pdf?rlkey=vbd7o6qqfws0824fyvqn9v0ju&dl=0) in Dropbox. Net to the DAO is $52,191.50 at closing which includes all back taxes, before reimbursements due to ECO Systems and Lofty.

    - Financial Summary:
    - Due TO EARLDAO (includes 5 months interest @ 12%)	-$13,401.41
    - Due to [Evernest](https://www.dropbox.com/scl/fi/osy5aqhsveyy7ldldk321/Owner-Statement-01-Jan-2024-30-Jun-2025-Properties-LFTY0128-9902-Garfield-Ave-Cleveland-OH.pdf?rlkey=5bvwv2yf5hxjgpx9mt8s2u8pw&e=1&dl=0)	-$5,863.21
    - Due to [Universal Lending DAO](https://discord.com/channels/847877825373012018/1295493068111347733/1436278573362184214) 	-$270.07
    - Due to 9902 Garfield Lending DAO approved 08/09/2023 (includes 27 months interest @ 8.5%)
    - Due to Lofty (Unverified, may include taxes & insurance already paid)	-$17,934.45
    - -$3,566.64
    - Due to [ECO Systems](https://www.dropbox.com/scl/fi/kqmbv0wo51t98lk3w2psz/ECO-Systems-General-Ledger-2025-11-13-9902-Garfield-Ave-Cleveland-OH-44108.csv?rlkey=fvf5ym48jwd8o691hoc89hvfi&e=1&dl=0) (Includes 1.5% Transaction Coordination Fee)	-$2,170.53
    - Estimated Total Debts	-$36,342.64
    - Net Sale Proceeds	+$52,191.50
    - Number of Tokens	1,386
    - Estimated Net Asset Value Per Share	$11.43

---

Archived Description: Single Family Home located in Cleveland, Ohio.

## Details
- The following renovations were completed in January 2022: New roof, new furnace, new hot water tank, newer electrical, newer windows, new carpeting, new kitchen countertop, new plumbing, some new doors, new paint (interior/exterior), new light fixtures, new mini-blinds, new flooring in Kitchenette, new railing, and a new toilet.
- Located on a 4,800 sq ft lot

## Property Management and Insurance
- Managed by ECO Systems LLC
- [Insurance Policy](https://www.dropbox.com/s/10bej1t037glic7/Property%20Insurance%202023-05-25%20-%209902%20Garfield%20Ave%20Cleveland%2C%20OH%2044108.pdf?dl=0) through [Obie Insurance](https://www.obieinsurance.com/)

## Occupancy Status
- Vacant

## 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/recbch12i5nzew3nntofp/Property-Valuation-Reports-May-2024-9902-Garfield-Ave-Cleveland-OH-44108.pdf?rlkey=hovuje0833rumv4wasgqft1st&st=fy12qqi9&dl=0)
- [Inspection Report](https://www.dropbox.com/s/c1jr0g1y2zht73o/Inspection%20Report%20-%20Lofty%20Holding%209902%20Garfield%20Avenue%20LLC.pdf?dl=0)
- [Inspection Report Repairs](https://www.dropbox.com/s/ecg6rgxu9ixrjiv/Post-Inspection%20Report%20Repairs%20-%20Lofty%20Holding%209902%20Garfield%20Avenue%20LLC.pdf?dl=0)
- [Renovations and Updates](https://www.dropbox.com/s/m55c6h8egqkmjc5/Renovations%20%26%20Updates%20-%20Lofty%20Holding%209902%20Garfield%20Avenue%20LLC.pdf?dl=0)
- [Purchase Agreement](https://www.dropbox.com/s/cuuix59qxm0y0c0/Purchase%20Agreement%20-%20Lofty%20Holding%209902%20Garfield%20Avenue%20LLC.pdf?dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/yxkpegibupb4dm7dpfvyx/DAO-Operating-Agreement-9902-Garfield-Ave-Cleveland-OH-44108.pdf?rlkey=i1yunh9giqmxcmpn1e9nlp1e1&dl=0)
- [Closing Statement](https://www.dropbox.com/s/1d98n3hiwt7g52m/Closing%20Statement%20-%20Lofty%20Holding%209902%20Garfield%20Avenue%20LLC%20%281%29.pdf?dl=0)
- [View All Documents](https://www.dropbox.com/sh/3bshebn7289v5ua/AADS-jaQJ3BqMC7eGel3IrNma?dl=0)