Property · Cleveland · Multi Family · Ref CL-7299

Cleveland Multi Family: Renovation Deal

A 2-bedroom multi family in Cleveland — modelled at 21% net.

$119,900 21% Net ReturnRenovation Cash Only 1,536 ft² · 2 bd · 2 ba

The Property

This fantastic two apartment multi family home is located in the Waterloo Art District in North Collinwood, right next to the Lakefront and close to the new Amazon facility. The Waterloo Arts District is known as a bustling area with art studios, entertainment, restaurants, bars and retail, it is the place to go out on the Eastside of Cleveland. The property is divided into two large apartments. You have a large one bedroom apartment downstairs and a large one bedroom apartment upstairs. The property 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. Each apartment should achieve $1,000 - $1,200 in rent each month with Section 8 housing. The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You can hear live music at one of the best venues in the country or browse an awesome indie music store. The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.

The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You can hear live music at one of the best venues in the country or browse an awesome indie music store. The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.

Details

Price$119,900
Property size1,536 ft²
Bedrooms2
Bathrooms2
TypeMulti Family
Status21% Net Return
ReferenceCL-7299
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
  • Renovation meets Section 8 standards

Location

Cleveland, 44110 Open in Google Maps →
Approximate location — the exact address is released to buyers under NDA, standard on US listings.