Cleveland – Multi Family

  • $149,900
  • Multi Family
  • Property Type
  • 4356
  • Lot Sq Ft
  • CL - 12500
  • Property ID

Cash Purchase Deal

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 Period4.2 yrs

Description

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.

Details

Updated on September 17, 2026 at 3:13 pm
  • Price: $149,900
  • Property Size: 2600 Sq Ft
  • Bedrooms: 5
  • Bathrooms: 3
  • Property Type: Multi Family
  • Property Status: 24% Net Return
  • City Cleveland
  • State/county Ohio
  • Zip/Postal Code Oh 44105
  • Country USA

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