Property · Cleveland · Multi Family · Ref CL-77653

Cleveland Multi Family: Yenileme Deal

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

$149,900 24% Net ReturnYenileme Cash Only 2,484 ft² · 5 bd · 3 ba

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

Price$149,900
Property size2,484 ft²
Bedrooms5
Bathrooms3
TypeMulti Family
Status24% Net Return
ReferenceCL-77653
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
  • Yenileme meets Section 8 standards

Location

Cleveland, 44108 Open in Google Maps →
Approximate location — the exact address is released to buyers under NDA, standard on US listings.