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Property Sales - 41707169 - 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
41707169
City of Cleveland, USA
09 Oct 2024
£ 93,330 / € 106,616 / $ 109,900

Short Description

This four bedroom multi unit is a rare find at $109,900..

Key Information

  • Property ID: 41707169
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 93,330 / € 106,616 / $ 109,900

Full Description

This large 2 apartment multi-family home is located in Euclid Green right next to South Collinwood and
only a short distance from the Lakefront. It is also only three minutes and one mile to Euclid Park School
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 is now vacant and both apartments will be
renovated by Global Investments best contractors and will be supplied rent ready to a Section 8 standard.
The works will begin when the new owner closes on the property. When complete the management
company will place brand new vetted tenants. Each apartment should achieve $950 – $1,250 in rent each
month.
Euclid Green 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 South Collinwood, this property
is only 2.5 miles from Euclid Creek Reservation, a beautiful nature trail full of natural wildlife, picnic areas
and stunning scenery. A great family area that is close to the city and yet nature is all around you.

 

Investment Calculations
Purchase price
$109,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,923
Net annual rental income:
$25,077
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

23%

Break even in

4.34 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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