Nubricks.com
Property Sales - 41709179 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large two apartment multi family home is located on a nice street in Old Brooklyn on the Westsideof Cleveland, Old Brooklyn is a very desirable area in Cleveland where new construction single familyhomes fetch over $400,000. The house is just 1 mile from Cleveland Metroparks Zoo and food court.The property is divided into two large apartments, you have a large two bedroom apartmentdownstairs and a large two bedroom apartment upstairs, One apartment upstairs has a tenant in placepaying $650 in rent each month, The current market rent can reach up to $1,500 with Section 8housing. The 2nd apartment will be renovated by Global Investments best contractors and will besupplied rent ready to a Section 8 standard. The works will begin after the new owner closes on theproperty. When complete the management company will place a brand new vetted tenants. Theapartment should achieve $1,100 – $1,500 in rent each month.Old Brooklyn is located on the Westside and viewed as a very central location in Cleveland Ohio, it isjust 7 miles from Downtown Cleveland and only 4 miles from Detroit Shoreway which is one of the bestareas in Cleveland. The property is also only 1 mile from Cleveland Metroparks Zoo and food courtwhich is a lovely family area of Cleveland.
Return of investment
16%
Break even in
6.25 Years.
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£91,631
Global Investments Incorporated
Date added: 29 Nov 2024
£59,361
Date added: 04 Feb 2024