Nubricks.com

Property Sales - 41701686 - House in USA, Ohio, Cuyahoga County, City of Cleveland

<< Back to search results

Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41701686
City of Cleveland, USA
28 Feb 2024
£ 67,853 / € 77,513 / $ 79,900

Short Description

This four bedroom renovation project is a rare find at $79,900..

Key Information

  • Property ID: 41701686
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 67,853 / € 77,513 / $ 79,900

Full Description

This large single family home is located in the sought after area of Glenville, just 1.7 miles to the centre of
University Circle. There are a large number of new build properties being constructed in this area having a
positive impact on nearby real estate.
The property will be renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. The property comes with a 2 month rental guarantee to give the new owner an immediate
income while the repairs are being completed. The house will benefit from a new roof, all new windows, new
carpet and paint throughout. The house will also come with a new furnace and hot water tank. When complete
the management company will place brand new vetted tenants. Large 4 bedroom single family homes are in
shortage and high demand with Section 8, The house should achieve $1,400 – $1,600 in rent each month. This
house when renovated would appraise for a much higher value. Similar homes are selling for $140,000 –
$180,000 as shown on page 15 of this brochure. This would give the new owner immediate equity.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid,
Bratenahl and the I90 (highway). The property is extremely well located and is very close to the VA hospital the
Cleveland Museum of natural history, the Cleveland, Museum of Art, casted western reserve University, the
university hospitals, and the Cleveland clinic.

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,156
Net annual rental income:
$16,044
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

CAPTCHA Send my request

Related Properties

© 2005-2013 nubricks.com The Overseas Property Blog. All Rights Reserved
Nubricks.com, 24 Jacks Place, Shoreditch London, E1 6NN, United Kingdom