Cleveland – Multi Family

  • $139,900
  • 5040
  • Lot Sq Ft
  • CL - 1256
  • Property ID

Cash Purchase Deal

Annual Gross Rent$33.708
Management Fee$3.371
Property Tax$241
Insurance$1.000
Net Annual Income$29.096
Net Return on Investment (ROI)%21
Payback Period4.8 yrs

Description

This large multi-family home is located on a nice street in St.Clair-Superior which is
just 2.4 miles to Downtown Cleveland. Properties close to the City rarely come onto
the market at the right price as there is huge potential for future capital appreciation
The property is divided into two large apartments. You have a large two bedroom
apartment downstairs and a large three bedroom apartment upstairs. 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 after the new owner closes on the
property. When complete the management company will place brand new vetted
tenants. The 2 bed should achieve $1,000 – $1,250 in rent each month and the 3 bed
$1,200 – $1,559 in rent each month based on current Section 8 rates for this zip code.

Details

Updated on September 29, 2026 at 7:13 pm
  • Price: $139,900
  • Property Size: 2627 Sq Ft
  • Bedrooms: 5
  • Bathrooms: 2
  • Property Status: 21% Net Return
  • City Cleveland
  • State/county Ohio
  • Zip/Postal Code OH 44103
  • Country USA

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