Cash Purchase Deal
| Annual Gross Rent | $33.888 |
|---|---|
| Management Fee | $3.389 |
| Property Tax | $988 |
| Insurance | $900 |
| Net Annual Income | $28.611 |
| Net Return on Investment (ROI) | %21 |
|---|---|
| Payback Period | 4.7 yrs |
Description
This large multi-family home is located on a nice street in Corlett and is
just 1.5 miles to John Adams College, one of the leading schools in
Cleveland.
The property is divided into two large two bedroom apartments. Both
apartments will be renovated by Global Investments best contractors and
will be supplied rent ready to a Section 8 standard, The works will begin
when the new owner closes on the property. When complete the
management company will then place brand new vetted tenants. Each
apartment should achieve $1,100 – $1,412 in rent each month with
Section 8 housing.
Details
Updated on September 24, 2026 at 10:29 am- Price: $134,900
- Property Size: 1584 Sq Ft
- Bedrooms: 4
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 22% Net Return
Mortgage Calculator
Monthly
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
