Cleveland Multi Family: Cash Flowing, Rent Ready
A 8-bedroom multi family in Cleveland — modelled at 20% net.
The Property
This fantastic three apartment multi family home is located on a nice street in Forest Hills close to the shores of Lake Erie and just just 2.4 Miles to the centre of The University Circle. The property is divided into one large two apartment multi family home + one 2 bed single family detached home on the same plot. Th multi family property consists of 2 large three bed apartments. The property also has tenants in place in both apartments paying $950 in rent each month. The 2 bed house at the rear of the plot also has a tenant in place paying $750 in rent each month. All 3 tenants are paying under market rents. WIth Section 8 housing the current market rents for this zip code reach up to $1,250 for 2 beds and up to $1,559 for a 3 bed. The seller has requested the tenants not to be disturbed, internal pictures will be supplied with the inspection. All contracts are subject to a full independent inspection.
Details
Features
- 20+% NET ROI
- Delivered tenant-ready
- High rental demand zip code
- Ideal for portfolio growth
- In a fast-appreciating neighborhood
- Legal and tax support available
- Managed by local professional team
- Move-in ready finish