This large multi-family home is located on a nice street in Corlett and is just one mile and four
minutes from John Adams College, one of the leading schools in Cleveland.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large three bedroom apartment upstairs. The two bedroom apartment downstairs
has a tenant in place paying $650 in rent each month, the market rent with Section 8 housing is
currently nearer $1,000 – $1,250 each month. The upstairs three bedroom apartment 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. The
apartment should achieve $1,000 – $1,400 in rent each month. When complete this house would
appraise for approx $120,000 – $130,000 which would give the new owner immediate equity in the
property.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from Downtown and 5
miles from University Circle. Also just 1.5 miles away you have Lee Harvard shopping centre. The
property is also just 4 minutes to John Adams College, one of the best schools in Cleveland.