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Property Sales - 41699075 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41699075
City of Cleveland, USA
18 Nov 2023
£ 66,155 / € 75,572 / $ 77,900

Short Description

This huge multi unit is amazing value at $77,900..

Key Information

  • Property ID: 41699075
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 66,155 / € 75,572 / $ 77,900

Full Description

This large multi-family home is located in Euclid Green right next to South Collinwood and
only a short distance from the Lakefront. It is also only three minutes and walking distance to
Euclid Park School
The property is divided into two large apartments. You have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The property also has tenants in
place in both apartments paying $650 in rent each month. The market rent is closer to $850
in rent each month.
Euclid Green is seen as a very strong investment area in Cleveland, this area is surrounded by
some great neighbourhoods like University Heights, Glenville, Richmond Heights and South
Collinwood, this property is only 2.3 miles from Euclid Creek Reservation, a beautiful nature
trail full of natural wildlife, picnic areas and stunning scenery. A great family area that is close
to the city and yet nature is all around you.

 

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$3,197
Net annual rental income:
$12,043
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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