Net Return - 17.84%Investment Paid Back in 5.61 Years
Gross Annual Income$28,800.00$2,400.00/Rent Per Month
HOTLIST
Description
Huge 4 Apartment Multi-Family Home
This huge four apartment multi-family home is located in Mount Pleasant and is only ten minutes from the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even has a cinema. The property is divided into four large two bedroom apartments. All four apartments are currently being completely refurbished from top to bottom. When the work is complete the management company will start screening for tenant placement, the total rent will be $2,400 per month. The property is managed by a great local management company.
All 4 Suites refurbished Top to Bottom
Appreciation
10 Fortune 500 company headquarters, including: Goodyear Tire, Cliffs, Natural Resources, FirstEnergy, Sherwin Williams, Eaton Corporation, Travel Centers of America, Aleris, Parker Hannifin, Progressive Insurance, and KeyCorp.
Its easy to buy B neighborhood properties for as low as $70,000 and turn that into $800 a month; Properties remain well below mid-2000 prices in most areas.
Detail
Property ID: 0002
Price:Gross Annual Income $28,800.00
Property Size: 3724 sqft
Land Area: 5000 sqft
Bedrooms: 8
Bathrooms: 4
Garage: Yes
District: Mount Pleasant
No. Of Units: Multi Units
NET RETURN: Net Return - 17.84%
Ownership Tenure: Investment Paid Back in 5.61 Years