Cash Purchase Deal
| Annual Gross Rent | $30.000 |
|---|---|
| Management Fee | $3.000 |
| Property Tax | $1.635 |
| Insurance | $900 |
| Net Annual Income | $24.465 |
| Net Return on Investment (ROI) | %17 |
|---|---|
| Payback Period | 5.7 yrs |
Description
This large multi-family home is South Broadway which is just 7 miles from
Downtown Cleveland. The house is also bordering on Garfield Heights and is just
1 mile from the famous Garfield Heights High School. Garfield Heights is one of
the most demanded and prestigious areas in Cleveland
The property is divided into two large apartments. You have a large two
bedroom apartment downstairs and a large two bedroom apartment upstairs.
The property 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 apartment should achieve $1,000 –
$1,250 in rent each month with Section 8 housing.
Details
Updated on September 15, 2026 at 4:45 pm- Price: $139,900
- Property Size: 2040 Sq Ft
- Bedrooms: 4
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 18% Net Return
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