Nubricks.com
Property Sales - 41702254 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large two apartment multi-family home is located in the Waterloo Art District in North Collinwood, rightnext to the Lakefront and close to the new Amazon facility. The Waterloo District is known as a bustling areawith art studios, entertainment, restaurants, bars and retail, it is the place to go out on the Eastside ofCleveland.The property is divided into two large apartments. You have a large two bedroom apartment downstairs and alarge two bedroom apartment upstairs. The house has just been vacated and needs some cosmetic repairs to bebrought up to a Section 8 rental ready standard. The funds are included in the price and the works will begin assoon as the new owner closes on the property. When complete the management company will place brand newtenants. Each apartment should achieve $1,100 in rent each month based on current Section 8 rates.The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You can hearlive music at one of the best venues in the country or browse an awesome indie music store. The coffee shopsroasts all their own beans, and there are plenty of great places to eat within a five-minute drive.Just ten minutesto downtown Cleveland, the Lakefront is also just five minutes away
Return of investment
30%
Break even in
3.3 Years.
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£64,456
Global Investments Incorporated
Date added: 05 Feb 2024
£50,869
Date added: 27 Mar 2024