Cash Purchase Deal
| Annual Gross Rent | $60.000 |
|---|---|
| Management Fee | $6.000 |
| Property Tax | $2.992 |
| Insurance | $2.000 |
| Net Annual Income | $49.008 |
| Net Return on Investment (ROI) | %21 |
|---|---|
| Payback Period | 4.7 yrs |
Description
This four apartment building is located on a very nice street in South-Collinwood, it
is just five minutes from the Lakeshore and just a short walk to Collingwood High
School, one of the best schools in Cleveland.
This property consists of four spacious two bedroom apartments and each
apartment has just been made rent ready. This house has several updates including
fresh paint throughout, new LVP flooring, updated kitchens and bathrooms, new
lighting, furnace installations, electrical upgrades including new wiring and panels,
plumbing improvements, new hot water tanks, drywall and insulation repairs,
window and door replacements, porch and deck repairs, and exterior
improvements. When you 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 October 21, 2026 at 7:25 pm- Price: $230,000
- Property Size: 2436 Sq Ft
- Bedrooms: 8
- Bathrooms: 4
- Property Type: Multi Family
- Property Status: 21% Net Return
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