PURCHASE OF A 218 M² DUPLEX IN CLEVELAND FOR $69.000-PROFIT: $11.140 = 16,14% Net

THE DESCRIPTION
This beautiful multi-family duplex is located on a beautiful street in the Mount Pleasant neighborhood and is only eight minutes from the famous Shaker Square, which is one of Cleveland’s main attractions and is full of restaurants, bars, stores and even has a movie theater.
The property is divided into two units. It has a large two bedroom apartment on the first floor and a large two bedroom apartment upstairs.
It is currently in the process of placing tenants in place, with rent at $1,300 per month.
The home is managed by an excellent local Cleveland property management company.
LOCAL AREA
Mount Pleasant is considered a very strong investment area in Cleveland, less than 1.3 miles away is the famous Shaker Square, which is one of Cleveland’s biggest attractions. Shaker Square is full of restaurants, bars, stores and even has a movie theater. This property is also just 6.9 miles from downtown and 4 miles from University Circle.