Nubricks.com
Property Sales - 41709217 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This fantastic two apartment multi family home is located in Goodrich Kirtland Park, right next toAsiatown Cleveland. The house is just 1.3 miles to Downtown Cleveland. Properties very rarelycome onto the market in this location.The property is divided into two large apartments, you have a large three bedroom apartmentdownstairs and a large four bedroom apartment upstairs. Both apartments will be renovated byGlobal Investments best contractors and will be supplied rent ready to a Section 8 standard. Theworks will begin after the new owner closes on the property, When complete the managementcompany will place brand new vetted tenants. The three bedroom apartment should achieve$1,250 – $1,700 in rent each month and the four bedroom apartment $1,250 – $1,800 in rent eachmonth. Due to the great location this property could also be rented via Air B&B. When the work iscomplete this house would have approx $50,000 in equity, a great investment.Goodrich-Kirkland Park is an extremely well located suburb which is just walking distance to thecentre of downtown. The property is very close to Burke Lakefront Airport just to the North. Due tothe proximity of the City and every amenity possible this area is very highly demanded for rentals.
Return of investment
23%
Break even in
4.34 Years.
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£63,607
Global Investments Incorporated
Date added: 21 Jun 2024
£47,472
Date added: 02 Feb 2023