Nubricks.com
Property Sales - 41695977 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large two apartment multi family home is located on a nice street in Forest Hills close tothe shores of Lake Erie and is only a three minute drive from Glenville High School, one ofthe best schools in Cleveland.The property is divided into two large apartments. You have a large two bedroom apartmentdownstairs and a large two bedroom apartment upstairs. The house has a tenant in place inone apartment paying $700 in rent each month, the market rent is $750. The secondapartment has just been vacated and included in the price are some cosmetic repairsneeded to update the apartment and make it rental ready. The works will begin as soon asthe new owner closes own the property, when complete the management company willplace brand new tenants. The apartment should achieve $750 in rent each month..
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the WaterlooDistrict, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines andbike trails. The house is just 1.6 miles to the Famous Shoreby Club and the neighbouringcommunity Bratenahl. Bratenahl one of the most exclusive residential areas in Clevelandwhere properties can sell in the Millions.
Return of investment
19%
Break even in
5.26 Years
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£64,456
Global Investments Incorporated
Date added: 05 Feb 2024
£50,869
Date added: 27 Mar 2024