Nubricks.com
Property Sales - 41702810 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This two apartment multi family home is located in South Broadway which is just 5 miles from DowntownCleveland. This property is also in the heart of Broadway Slavic Village just 1 Mile from the centre of SlavicVillage, one of the most demanded areas in Cleveland due to the new build homes increasing in the area.The property is divided into two large apartments, you have a large two bedroom apartment downstairsand a large two bedroom apartment upstairs.. One apartment has a tenant in place paying $600 in renteach month, The current market rent is closer to $950 – $1,250 each month. The apartment downstairswill be supplied by the seller refurbished and rental ready. The works will begin as soon as the newowner closes on the property. When complete the management company will place a brand new tenant.The apartment should achieve $950 – $1,250 in rent each month.South Broadway is just South of Slavic Village which is going through large development projects. This isone of the most up and coming areas in the City and in huge demand by investors due to new buildproperties increasing the value of the properties in the surrounding areas. The house is less than 1 mile tothe centre of Slavic village and also just bordering on the famous Garfield Heights, one of the mostdesirable areas in Cleveland.
Return of investment
19%
Break even in
5.26 Years
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£64,456
Global Investments Incorporated
Date added: 05 Feb 2024
£50,869
Date added: 27 Mar 2024