Nubricks.com
Property Sales - 41697934 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This fantastic opportunity to purchase a large brick built property located in Cleveland Heightswhich is arguably one of the nicest suburbs in Cleveland.The property consists of four one bedroom apartments on the first floor that have all beenrecently refurbished, also two spacious commercial storefront units on the ground floor. Allfour apartments plus the commercial units have tenants in place. The total monthly rentalincome is $5,325The current market rent for each unit is closer to $950 to $1,000 each month.Situated “up the hill” from University Circle, one of the largest employment centres inNortheast Ohio, Cleveland Heights is one of the most desirable suburbs for buyers and rentersalike. Cleveland Heights has many galleries, performing arts and live music venues. This neareast neighbourhood dishes up fat slices of the American Dream, with beautiful old homes ontree-lined streets within close proximity to thriving commercial strips, parks, schools, librariesand public transportation. A great place to invest with potential huge future capitalappreciation.
Return of investment
9%
Break even in
11,1 Years.
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