This large multi-family home is located on a nice street in Corlett and is less than one mile
and just a short walk to 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 two bedroom apartment upstairs. The property has a tenant in place
in one apartment paying $550 in rent each month. The market rent is closer to $1,000 –
$1,250 in rent each month with Section 8 housing. The second apartment will be supplied by
the seller refurbished and rent ready to a Section 8 standard. The funds are included in the
price and the works will begin as soon as the new owner closes on the property. When
complete the management company will place a brand new vetted tenant, the apartment
should achieve $1,000 – $1,250 in rent each month with Section 8 housing.
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 2 miles away you have Lee Harvard
shopping centre. The property is also just 2 minutes to John Adams College, one of the best
schools in Cleveland.