Cash Purchase Deal
| Annual Gross Rent | $35.916 |
|---|---|
| Management Fee | $3.592 |
| Property Tax | $330 |
| Insurance | $900 |
| Net Annual Income | $31.094 |
| Net Return on Investment (ROI) | %22 |
|---|---|
| Payback Period | 4.5 yrs |
Description
This fantastic two apartment multi family home is located on a nice street in
Forest Hills close to the shores of Lake Erie and is just 0.7 miles from Glenville
High School, one of the best schools in Cleveland.
The property is divided into two large apartments. You have a large three
bedroom apartment downstairs and a large two bedroom apartment upstairs.
The property 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.
Both apartments should achieve $2,350–$2,993 in rent each month with Section
8 housing.
Details
Updated on October 22, 2026 at 6:20 pm- Price: $140,000
- Property Size: 1880 Sq Ft
- Bedrooms: 5
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 22% Net Return
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