Cash Purchase Deal
| Annual Gross Rent | $37.316 |
|---|---|
| Management Fee | $3.732 |
| Property Tax | $321 |
| Insurance | $1.000 |
| Net Annual Income | $32.263 |
| Net Return on Investment (ROI) | %22 |
|---|---|
| Payback Period | 4.5 yrs |
Description
This fantastic two apartment multi family home is located on a nice street in St.Clair-Superior
which is just 3 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 three 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 after the new owner closes on the property. When complete
the management company will place brand new vetted tenants. Each apartment should
achieve $1,200 – $1,559 in rent each month based on current Section 8 housing rates for this
zip code.
St.Clair-Superior is an extremely well located suburb which is just 3 miles East of the centre of
downtown. The property is very close to Burke Lakefront Airport just to the North. Due to the
proximity of the City and every amenity possible this area is very highly demanded for rentals.
Details
Updated on October 8, 2026 at 5:54 pm- Price: $144,900
- Property Size: 2408 Sq Ft
- Bedrooms: 6
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 22% Net Return
Address
- City Cleveland
- State/county Ohio
- Zip/Postal Code OH 44103
- Country USA
Mortgage Calculator
Monthly
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
