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Property Sales - 41696094 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large multi-family home is located in Mount Pleasant and is right next to Shaker Heights.The house is also just 2 miles from the famous Shaker Heights High School. Shaker Heightsis one of the most demanded and prestigious areas 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 $500 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..
Mount Pleasant is seen as a very strong investment area in Cleveland, just 2 miles away youShaker Square which is one of the biggest attractions in Cleveland. The house is also justbordering on the famous Shaker Heights, one of the most desirable areas in Cleveland. Thehouse is just 2 miles from Shaker Heights High School.
Return of investment
16%
Break even in
6.25 Years
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£45,773
Global Investments Incorporated
Date added: 03 Aug 2023
£72,099
Date added: 09 Nov 2023