Cash Purchase Deal
| Annual Gross Rent | $31.800 |
|---|---|
| Management Fee | $3.180 |
| Property Tax | $1.356 |
| Insurance | $1.000 |
| Net Annual Income | $26.264 |
| Net Return on Investment (ROI) | %20 |
|---|---|
| Payback Period | 4.9 yrs |
Description
This fantastic three apartment multi family home is located on a nice street in Forest
Hills close to the shores of Lake Erie and just just 2.4 Miles to the centre of The
University Circle.
The property is divided into one large two apartment multi family home + one 2 bed
single family detached home on the same plot. Th multi family property consists of 2
large three bed apartments. The property also has tenants in place in both apartments
paying $950 in rent each month. The 2 bed house at the rear of the plot also has a
tenant in place paying $750 in rent each month. All 3 tenants are paying under market
rents. WIth Section 8 housing the current market rents for this zip code reach up to
$1,250 for 2 beds and up to $1,559 for a 3 bed. 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 September 18, 2026 at 7:13 pm- Price: $129,900
- Property Size: 2640 Sq Ft
- Bedrooms: 8
- Bathrooms: 3
- Property Type: Multi Family
- Property Status: 20% Net Return
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