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Property Sales - 41702619 - 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
41702619
City of Cleveland, USA
29 Mar 2024
£ 66,155 / € 75,572 / $ 77,900

Short Description

This four bedroom multi unit is amazing value at $77,900

Key Information

  • Property ID: 41702619
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 66,155 / € 75,572 / $ 77,900

Full Description

This fantastic two apartment multi family home is located on a very nice street in the
sought after area of South-Collinwood, it is just five minutes from the Lakeshore and just
a short walk to Collingwood High School, one of the best schools in Cleveland.
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 $600 in rent each month. The market
rent is closer to $800 in rent each month.
South-Collinwood 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 Euclid, The property is less than 1 mile to Collinwood High School one of the
best schools in Cleveland. This is one of our most demanded areas by investors

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$3,090
Net annual rental income:
$11,310
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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