Property · Cleveland · Multi Family · Ref CL-12500

Cleveland Multi Family: Reforma Deal

A 5-bedroom multi family in Cleveland — modelled at 24% net.

$149,900 24% Net ReturnReforma Cash Only 2,600 ft² · 5 bd · 3 ba

The Property

This fantastic three apartment multi family home is located on a nice street in Corlett and is just half a mile and one minute from John Adams College, one of the leading schools in Cleveland. The property is divided into three large apartments. You have a large two bedroom apartment on the 1 and 2 Floor plus an additional 1 bedroom attic apartment. All 3 apartments will be renovated by Global Investments best contractors and will be supplied rent ready to a Section 8 standard. When complete the management company will place brand new vetted tenants. The 2 bed apartments should achieve $1,000 - $1,250 in rent each month and the 1 bed $800 - $1,000 in rent each month with Section 8 housing.

Details

Price$149,900
Property size2,600 ft²
Bedrooms5
Bathrooms3
TypeMulti Family
Status24% Net Return
ReferenceCL-12500
FinanceCash purchase

Features

  • 20+% NET ROI
  • High rental demand zip code
  • Ideal for portfolio growth
  • In a fast-appreciating neighborhood
  • Legal and tax support available
  • Managed by local professional team
  • No hidden costs & all fees disclosed
  • Reforma meets Section 8 standards

Location

Cleveland, Oh 44105 Open in Google Maps →
Approximate location — the exact address is released to buyers under NDA, standard on US listings.