Cleveland Multi Family: Reforma Deal
A 4-bedroom multi family in Cleveland — modelled at double-digit% net.
The Property
This fantastic two apartment multi family home is located on a nice street in Glenville just 3.4 miles from Downtown Cleveland. Glenville is close to the great lake, borderline lake properties offer lots of potential for future growth. The property is divided into two large two bedroom apartments. One apartment has just been refurbished and made rent ready, The management company will place brand new vetted tenants when the new owner closes on the property. The market rent currently with Section 8 housing is $1,000 - $1,250 in rent each month. The second apartment has just been vacated and included in the price are the funds to also renovate this apartment to Section 8 standards. The work will begin after the new owner closes on the property and when complete the management company will place tenants also in this apartment. The house has also just had a brand new roof fitted.
Details
Features
- 4-bedroom layout with basement
- High rental demand zip code
- Ideal for portfolio growth
- In a fast-appreciating neighborhood
- Managed by local professional team
- Move-in ready finish
- New roof
- No hidden costs & all fees disclosed
Location
Finance Available: Cash or Mortgage
Buy outright and the net figure on this page is yours from the first collected rent — no DSCR test, no rate risk, the fastest close.
Foreign–national DSCR loans from 25–30% down, underwritten on the property’s rent rather than your personal income — placed through 100+ prestamistas by our Mortgage Shop desk.