Cash Purchase Deal
| Annual Gross Rent | $42.288 |
|---|---|
| Management Fee | $4.229 |
| Property Tax | $1.187 |
| Insurance | $1.200 |
| Net Annual Income | $35.672 |
| Net Return on Investment (ROI) | %24 |
|---|---|
| Payback Period | 4.2 yrs |
Description
This very large multi-family home is located on a very nice street in Mount Pleasant
and is right next to Shaker Heights. The house is also just 1.5 miles from the
famous Shaker Heights High School. Shaker Heights is one of the most demanded
and prestigious areas in Cleveland.
The property is divided into two large apartments. You have a large three 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 after the new
owner closes on the property. When complete the management company will place
brand new vetted tenants. Each apartment should achieve $1,450 – $1,762 in rent
each month with Section 8 housing.
Details
Updated on November 13, 2026 at 8:07 pm- Price: $149,900
- Property Size: 2890 Sq Ft
- Bedrooms: 6
- Bathrooms: 2
- Property Type: Multi Family
- Property Status: 24% Net Return
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