Nubricks.com
Property Sales - 41705001 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large single family home is located in the sought after area of Glenville, just 2.4 miles to the centreof University Circle. There are a large number of new build properties being constructed in this areahaving a positive impact on nearby real estate.The property will be renovated by Global Investments best contractors and will be supplied rent readyto a Section 8 standard. There is a large tree at the front of the house which will be removed by thecontractors prior to marketing for new tenants. The management company will place brand new vettedtenants when the work is complete. Large 5 bedroom single family homes are in shortage and highdemand with Section 8, The house should achieve $1,400 – $1,600 in rent each month. This housewhen renovated would appraise for approx $95,000 – $105,000 giving the new owner immediateequity. Similar homes are selling for $140,000 – $180,000 as shown on page 15 of this brochure.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 theVA hospital the Cleveland Museum of natural history, the Cleveland, Museum of Art, casted westernreserve University, the university 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: 01 Dec 2023
£52,567
Date added: 08 Apr 2024