This fantastic large multi-family home is located in the sought after area of Glenville, just three minutes
from Glenville High School which is one of the best schools in Cleveland..
The property is divided into two large apartments. You have a large three bedroom apartment and a
large four bedroom apartment sitting side by side. The property also has tenants in place in both
apartments. Unit 1 ( 4 bed ) is paying $775 in rent each month and unit 2 ( 3 bed ) is paying $700 inn
rent each month. The market rent is closer to $950 – $1,250 with Section 8 housing. Included in the
price is a Sellers Rental Contribution of $12,300 which equates to $1,025 for 12 months ( both
apartments ) which gives the new owner the current market rent for the first year, This will be credited
to the buyer on closing. Included in the price also is a brand new roof.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid,
Bratenahl and the I90 (highway). The property is also very well positioned near to the Cleveland
Lakefront Nature Preserve. The house is also within Greater Circle Living (GCL) which is a part of the
larger Greater University Circle Initiative, comprehensive community-building and development strategy
for rental and purchase housing options in Greater University Circle neighbourhood’s.