Cash Purchase Deal
| Annual Gross Rent | $16.800 |
|---|---|
| Management Fee | $1.680 |
| Property Tax | $1.162 |
| Insurance | $900 |
| Net Annual Income | $13.058 |
| Net Return on Investment (ROI) | %12 |
|---|---|
| Payback Period | 8 yrs |
Description
This large multi-family home is located in Buckeye Shaker and is only five minutes
from the famous Shaker Square. Shaker Square is one of the biggest attractions in
Cleveland and is full of restaurants, bars, boutiques and even has a cinema.
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
also has tenants in place in both apartments paying $700 in rent each month. The
market rent currently with Section 8 housing is up to $1,387 in rent each month for
a 2 bedroom multi family apartment. The seller has requested the tenants not to
be disturbed, internal pictures will be supplied with the inspection. All contracts
are subject to a full independent inspection.
Details
Updated on October 9, 2026 at 11:41 am- Price: $104,900
- Property Size: 1352 Sq Ft
- Bedrooms: 4
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 13% Net Return
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