Nubricks.com
Property Sales - 41696295 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large multi-family home is located on a very nice street in South- Collinwood, the house issituated in Nottingham which is the most sought after exclusive part of South Collinwood. Propertiesin this area rarely come onto the rental market for investors and this house will sell within hours notdays.The property is divided into two large apartments, you have a large two bedroom apartment upstairsand a large two bedroom apartment downstairs. The property has tenants in place in the lowerapartment paying $750 in rent each month. The upper apartment needs some minor cosmetic repairsto be made rent ready, these are included in the price and will begin as soon as the new ownercloses on the property. When completed the management company will place a brand new tenant,the apartment should achieve $750 – $850 in rent each month.
Nottingham in South Collinwood is seen as a very strong investment area in Cleveland, The propertyis just 2.4 miles to The Waterloo Arts District, A funky, indie community, with lots of cool little galleriesand studios. You can hear live music at one of the best venues in the country or browse an awesomeindie music store. The coffee shops roasts all their own beans, and there are plenty of great places toeat within a five-minute drive. just 15 minutes east of Downtown Cleveland.
Return of investment
16%
Break even in
6.25 Years.
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£45,773
Global Investments Incorporated
Date added: 11 Dec 2023
£103,520
Date added: 03 Aug 2023