| Annual Gross Rent | $30.000 |
|---|---|
| Management Fee | $3.000 |
| Property Tax | $687 |
| Insurance | $900 |
| Net Annual Income | $25.413 |
| Net Return on Investment (ROI) | %21 |
|---|---|
| Payback Period | 4.7 yrs |
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.
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