James WisePoster
#4 All Forums Contributor
#4 All Forums Contributor
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They Want $241K—This Fourplex Could Return 30%
James WisePoster#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
They Want $241K—This Fourplex Could Return 30%
During the 2,955th episode of The MLS Search & Analysis Show, James Wise analyzes a vacant, rent-ready Cleveland fourplex listed for $241,000. With brand-new furnaces, new hot water tanks, no inherited tenants, and the opportunity to professionally screen all four households, this property offers investors a clean start without the cost and delays of a major renovation. The seller projects $850 per unit, but James believes Section 8 rents could reach approximately $1,050 per unit—or $50,400 in annual gross income—potentially producing a 30% return on the investor's cash. Access the full deal breakdown with a VIP PLUS Membership.
Offering
Cleveland, Ohio