Nubricks.com

Property Sales - 41708364 - House in USA, Ohio, Cuyahoga County, City of Cleveland

<< Back to search results

Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41708364
City of Cleveland, USA
03 Jan 2025
£ 110,314 / € 126,019 / $ 129,900

Short Description

This four bedroom house is a rare find at $129,900..

Key Information

  • Property ID: 41708364
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 110,314 / € 126,019 / $ 129,900

Full Description

This large multi-family home is located on a nice street in Corlett and is just one mile and four
minutes from John Adams College, one of the leading 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. Both apartments have just been
refurbished and made rental ready to a Section 8 standard. The house in addition has had a brand
new roof, all new windows and new furnaces & hot water tanks, a renovation of over $30,000 !!
The management company will place brand new vetted tenants when the new owner closes on
the property. Each apartment should achieve $950 – $1,300 in rent each month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from Downtown and
5 miles from University Circle. Also just 1.5 miles away you have Lee Harvard shopping centre. The
property is also just 4 minutes to John Adams College, one of the best schools in Cleveland.

Investment Calculations
Purchase price
$129,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$13,260
Net annual rental income:
$16,740
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

38%

Break even in

2.63 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

CAPTCHA Send my request

Related Properties

© 2005-2013 nubricks.com The Overseas Property Blog. All Rights Reserved
Nubricks.com, 24 Jacks Place, Shoreditch London, E1 6NN, United Kingdom