Nubricks.com
Property Sales - 41695275 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This fantastic two apartment multi-family home is located in the sought after area of Glenville,just a short walk from Glenville High School which is one of the best schools in Cleveland.The property is divided into two large four bedroom townhouses sitting side by side. Thetenants are moving out of the property and the house will be vacant before the new ownercloses. Both apartments are in great condition however Included in the price are funds forcosmetic repairs to make both apartments rent ready to a Section 8 standard. The works willbegin as soon as the new owner closes on the property. When complete the managementcompany will place brand new tenants. Each apartment should achieve $1,000 – $1,250 Thetenants can either be private or Section 8 housing, the decision will be for the new owner.
Glenville is seen as a very strong investment area in Cleveland, it is close to the WaterlooDistrict, Euclid, Bratenahl and the I90 (highway). It is also just 4.5 miles from Downtown and just2 miles from the University Circle. The house is within Greater Circle Living (GCL) which is a partof the larger Greater University Circle Initiative, comprehensive community-building anddevelopment strategy for rental and purchase housing options in Greater University Circleneighbourhood’s.
Return of investment
27%
Break even in
3.7 Years.
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£67,853
Global Investments Incorporated
Date added: 28 Feb 2024
£80,591
Date added: 27 Mar 2024