Magnificent multi-family property with three apartments, rental yield 10.01%

3404 Archwood Ave
House with flats • 7 bed. • 3 bath. • 390 m²
NZD 347,573

LA DESCRIPTION

This large three-apartment multifamily home is located in the highly sought after Brooklyn Center neighborhood in Cleveland's Westside. The Brooklyn Center is one of the best neighborhoods in Cleveland and is full of restaurants, bars, shops and even has its own business park.

The property is divided into three large apartments, you have a large three bedroom apartment downstairs and a large three bedroom apartment upstairs. There is also a one bedroom apartment in the converted attic. The two three-bedroom apartments have tenants in place, one paying $850 in rent and the other paying $750 in rent each month. The vacant attic unit will be delivered in accordance with the STANDARD OF SECTION 8 and the management company will be able to place a tenant of SECTION 8 when the new owner closes the property by paying $ 600 in rent each month. There is also a brand new roof and taxes are very low, only a month and a half rent.

Spaces

Bedrooms7
Bathrooms3

Surfaces

Living390 m²

3404 Archwood Ave, Cleveland