Deal summary

Section 8 Multi-Family in Cleveland, OH 44103 – $145,000

4 bed · 2 bath · 2064 sqft · built 1910 · Cuyahoga County

This vacant duplex features two 2-bed/1-bath units with a combined potential rent of $1,926/month. Priced at $145,000 + TC + CC, the property offers 2,064 sqft of living space and an excellent opportunity for investors looking to add a multifamily property to their portfolio. Based on the projected DSCR financing, the deal offers an estimated $569/month in net cash flow and approximately 20.10% cash-on-cash return. With both units vacant, the new owner has the opportunity to place tenants and maximize the property's rental potential.

HUD rent $1,926/mo · est. rehab $5,000