Cleveland west side 5 unit multi family! 2,500 income!
5 unit rental property on Clevelands west side! The property consists of 2 buildings on same parcel, front building has 3 apartment units and rear building has 2 apartment units.
The rear property just underwent a 25K update of electrical, heating, plumbing, flooring and basically fully rehabbed.
The front property also underwent a rehab 2 years ago.
Can send you P&L statements upon request.
All units are rented except for one which the tenant moved out due to lease expiration, in process of being re rented.
We can show the property with 48 hours advance notice with proof of funds, must bring inspector at the that time.
CASH DEAL! 75K OBO
MUST CLOSE WITHIN 20 DAYS!
Unit 1 - 500.00
unit 2 - 450.00
unit 3 - 500.00
unit 4 - 525.00
unit 5 - 525.00
Expenses -
water - 225.00 month
taxes - 112.00 per month
insurance - 120.00 month
management - 250.00 per month
$707.00 per month - expenses
Profit estimated - $1,793 month