Nubricks.com
Property Sales - 41695176 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This fantastic large brick built two apartment multi family home is located on a very nice streetin the sought after area of South-Collinwood, it is just five minutes from the Lakeshore andsituated directly opposite Collingwood High School, one of the best schools in Cleveland.The property is divided into two large apartments. You have a large two bedroom apartmentdownstairs and a large three bedroom apartment upstairs. The house has a tenant in place inthe two bedroom apartment paying $650 in rent each month, the market rent is $750. Thesecond 3 bedroom apartment has just been vacated and included in the price are somecosmetic repairs needed to update the apartment and make it rental ready. The works willbegin as soon as the new owner closes own the property, when complete the managementcompany will place brand new tenants. The apartment should achieve $850 – $900 in renteach month
South-Collinwood is seen as a very strong investment area in Cleveland, this area issurrounded by some great neighbourhoods like University Heights, Glenville, RichmondHeights and Euclid, The property is in a very desirable street sitting directly oppositeCollinwood High School one of the best schools in Cleveland.
Return of investment
16%
Break even in
6.25 Years
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£63,607
Global Investments Incorporated
Date added: 21 Jun 2024
£47,472
Date added: 02 Feb 2023