Nubricks.com
Property Sales - 41701686 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large single family home is located in the sought after area of Glenville, just 1.7 miles to the centre ofUniversity Circle. There are a large number of new build properties being constructed in this area having apositive impact on nearby real estate.The property will be renovated by Global Investments best contractors and will be supplied rent ready to aSection 8 standard. The property comes with a 2 month rental guarantee to give the new owner an immediateincome while the repairs are being completed. The house will benefit from a new roof, all new windows, newcarpet and paint throughout. The house will also come with a new furnace and hot water tank. When completethe management company will place brand new vetted tenants. Large 4 bedroom single family homes are inshortage and high demand with Section 8, The house should achieve $1,400 – $1,600 in rent each month. Thishouse 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 theCleveland Museum of natural history, the Cleveland, Museum of Art, casted western reserve University, theuniversity hospitals, and the Cleveland clinic.
Return of investment
20%
Break even in
5 Years.
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£59,361
Global Investments Incorporated
Date added: 04 Feb 2024
£93,330
Date added: 13 Dec 2023