Cash Purchase Deal
| Annual Gross Rent | $34.560 |
|---|---|
| Management Fee | $3.456 |
| Property Tax | $2.004 |
| Insurance | $900 |
| Net Annual Income | $28.200 |
| Net Return on Investment (ROI) | %20 |
|---|---|
| Payback Period | 5 yrs |
Description
This large multi-family home is very well located in Cudell on the Westside of
Cleveland. The house is just a short walk to The Amazon Hub @ 10801 Madison
Avenue.
The property is divided into two large apartments. You have a large two
bedroom apartment downstairs and a large three bedroom apartment upstairs.
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 when
the new owner closes on the property. When complete the management
company will then place brand new vetted tenants. The 2 bed apartment should
achieve $1,000 – $1,250 in rent each month and the 3 bed $1,250 – $1,630 each
month based on current Section 8 housing rates for this Zip code.
Details
Updated on September 22, 2026 at 4:16 pm- Price: $139,900
- Property Size: 1862 Sq Ft
- Bedrooms: 5
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 20% Net Return
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