Cleveland Multi Family: Renovation Deal
A 5-bedroom multi family in Cleveland — modelled at 24% 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 is just 1.3 miles from Glenville High School, one of the best 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. The works will begin after the new owner closes on the property. When complete the management company will place brand new vetted tenants. Each 2 bed apartment should achieve $1,000 - $1,310 in rent each month and the attic apartment should acheive $700 - $960 each month with Section 8 housing.
Details
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
- Renovation meets Section 8 standards