| Annual Gross Rent | $42.000 |
|---|---|
| Management Fee | $4.200 |
| Property Tax | $1.175 |
| Insurance | $1.000 |
| Net Annual Income | $35.625 |
| Net Return on Investment (ROI) | %24 |
|---|---|
| Payback Period | 4.2 yrs |
This fantastic three apartment multi family home is located on a nice street in
Corlett and is just half a mile and one minute from John Adams College, one of
the leading schools in Cleveland.
The property is divided into three large apartments. You have a large two
bedroom apartment on the 1 and 2 Floor plus an additional 1 bedroom attic
apartment. All 3 apartments will be renovated by Global Investments best
contractors and will be supplied rent ready to a Section 8 standard. When
complete the management company will place brand new vetted tenants. The 2
bed apartments should achieve $1,000 – $1,250 in rent each month and the 1
bed $800 – $1,000 in rent each month with Section 8 housing.
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