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Property Sales - 41696430 - Apartment in USA, Ohio, Cuyahoga County, City of Cleveland
This large two apartment multi family home is located on a nice street in South Broadway whichis just 4.6 miles from Downtown Cleveland. This property is also just two minutes and just a shortwalk to the centre of Slavic Village one of the most demanded 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. Both apartments have tenants in place,both paying $550 in rent each month. The current market rent for each apartment is $750 eachmonth. The house is under management with a great local Cleveland property managementcompany.
South Broadway is viewed as a very central location in Cleveland Ohio, it is just 4.6 miles milesfrom Downtown and 5.2 miles from University Circle. The property is also just a short walk to thecentre of Slavic Village. Slavic Village is going through large development projects with manynew build homes also being built on vacant plots. This is one of the most up and coming areasin the City and in huge demand by investors. The house is also just half a mile from the brandnew Amazon fulfilment centre and latest acquisition of the 1.273-acre site of the former MoundElementary School on Mound Avenue at East 55th Street.
Return of investment
16%
Break even in
6.25 Years
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£67,853
Global Investments Incorporated
Date added: 09 Jul 2023
Date added: 25 Jan 2025