THE DESCRIPTION
This huge six-unit multi-family apartment is located on a beautiful East Cleveland street near the shores of Lake Erie and just a five-minute drive from Glenville High School, one of Cleveland's top schools.
The property is divided into six large two-bedroom apartments, three of the apartments have Section 8 tenants who pay $650 in rent each month. Two of the apartments have private tenants who also pay $650 rent. Tenants are long-term and rents could eventually rise in the near future to $750-$800, especially with Section 8. The management company will place a new tenant in the vacant apartment when the new owner closes the property by paying $750-$800 in rent.