Cleveland – Multi Family

  • $149,900
  • Multi Family
  • Property Type
  • 4480
  • Lot Sq Ft
  • CL - 77653
  • Property ID

Cash Purchase Deal

Annual Gross Rent$42.960
Management Fee$4.296
Property Tax$1.052
Insurance$1.000
Net Annual Income$36.612
Net Return on Investment (ROI)%24
Payback Period4.1 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 is just 1.3 miles from Glenville
High School, one of the best 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. The works
will begin after the new owner closes on the property. When complete the
management company will place brand new vetted tenants. Each 2 bed
apartment should achieve $1,000 – $1,310 in rent each month and the attic
apartment should acheive $700 – $960 each month with Section 8 housing.

Details

Updated on September 22, 2026 at 3:54 pm
  • Price: $149,900
  • Property Size: 2484 Sq Ft
  • Bedrooms: 5
  • Bathrooms: 3
  • Property Type: Multi Family
  • Property Status: 24% Net Return
  • City Cleveland
  • State/county Ohio
  • Zip/Postal Code OH 44108
  • Country USA

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Compare listings

Compare
Global Investments
  • Global Investments