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Property Sales - 41704408 - 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
41704408
City of Cleveland, USA
12 Jun 2024
£ 69,551 / € 79,453 / $ 81,900

Short Description

This four bedroom multi unit is amazing value at $81,900..

Key Information

  • Property ID: 41704408
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 69,551 / € 79,453 / $ 81,900

Full Description

This fantastic two apartment multi family home is located in South Broadway which is just 5
miles from Downtown Cleveland. The house is in Newburgh Heights and sits right next to
Washington Park Golf Course.
The property is divided into two large oner bedroom apartments. The property also has tenants
in place in both apartments and then monthly rent is $1,400 each month. The house is under
management witha great local Cleveland property management company.
South Broadway is just South of Slavic Village which is going through large development projects.
This is one of the most up and coming areas in the City and in huge demand by investors due to
new build properties increasing the value of the properties in the surrounding areas. The house
is particularly well located sitting right next to Washington Golf course. Washington Golf Course
is the highlight of Cleveland Metroparks Washington Reservation Newburgh Heights and
Cleveland. A beautiful 9-hole, par 29 golf course and 26-station driving range.

Investment Calculations
Purchase price
$81,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$3,430
Net annual rental income:
$13,370
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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