LA DESCRIPTION
This large three-unit multifamily home is located on a beautiful street in the sought-after Glenville neighborhood, just five minutes from Glenville High School, which is one of the best schools in Cleveland.
The property is on a large street and has a full basement, a large garden to the rear and a garage for two cars. The property is divided into 3 apartments. It has a large two bedroom apartment on the ground floor, a large two bedroom apartment upstairs and a renovated one bedroom penthouse. One of the 2-bedroom apartments rents for $500 a month, which is lower than the market rent, so if the tenant were to lower the rent, the rent could easily go up. The price includes $11,500 to renovate the 2 vacant apartments that will start after the property closes by the new owner. The management company will then place new tenants. Both bedrooms must reach $700 – $7,50 and the penthouse unit $425 monthly rent.