This fantastic two apartment multi family home is located on a nice street in North Broadway/
Slavic Village which is just 5 miles from Downtown Cleveland. This property is also less than one
mile from the centre of Slavic Village and right on the border of Newburgh Heights, a very affluent
area of 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 downstairs apartment has tenants
in place paying $850 in rent each month. The upstairs apartment was recently updated and made
rental ready. The management company will place brand new tenants when the new owner closes
on the property. The tenant could be Section 8 housing and the current market rent is $1,100 –
$1,300 in rent each month.
North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4 miles miles from
Downtown and 5 miles from University Circle. The property is also less than 1 mile from Slavic
Village. Slavic Village is going through large development projects. This is one of the most up and
coming areas in the City and in huge demand from investors.