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MULTI_FAMILY - Cleveland, OH
Fully leased duplex with stable income today and clear upside. Downstairs has 2 bedrooms and one bath and upstairs has 3 bedrooms and 1 bath. The upstairs 3 bedroom unit is currently rented at 900 per month through CMHA. The downstairs was rented at $900 for a total of 1,800 per month and 21,600 per year in gross rent. Section 8 pays up to 1,129 for a two bedroom which creates rent growth potential on future turns or renewals subject to program approval. Showings with notice only. Do not disturb tenants. Inspection report available. Downstairs 2 bedroom unit will be delivered vacant.
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