Nubricks.com
Property Sales - 41700673 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large two apartment multi family home is located on a nice street in Forest Hills close to theshores of Lake Erie and is less than 1 mile from Glenville High School, one of the best schools inCleveland.The property is divided into two large apartments, you have a large two bedroom apartmentdownstairs and a large two bedroom apartment upstairs. The property has recently had 2 newfurnaces and also 2 new hot water tanks. One apartment has a good tenant that has been inplace since 2019 paying $750 in rent each month. The upstairs apartment has just beenrenovated and made rental ready. The management company will place brand new tenants whenthe new owner closes on the property paying $800 in rent each month.Forest Hills is seen as a very strong investment area in Cleveland, it is close to the WaterlooDistrict, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and biketrails. The house is less than 2 miles to the Famous Shoreby Club and the neighbouringcommunity Bratenahl. Bratenahl is one of the most exclusive residential areas in Cleveland whereproperties can sell in the Millions.
Return of investment
18%
Break even in
5.5 Years.
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£67,853
Global Investments Incorporated
Date added: 28 Feb 2024
£80,591
Date added: 27 Mar 2024