Four bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 4 Bed Townhouse £42,122 | €50,758 | $54,900 Request a Currency Exchange Quote Here

This large four bedroom house is a rare find at $54,900...

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking
Property Description ID:39996147

This great two apartment multi family home is located on a nice street in Corlett and is less than one mile and just two 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. The property has just been updated and made rental ready and the management company will be placing brand new tenants when the new owner closes on the property paying $600 each in rent per month. The property is managed by a great local management company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 8.3 miles from Downtown and 5.1 miles from University Circle. Also just 1.7 miles away you have Lee Harvard shopping centre. The property is also just walking distance to John Adams College, one of the best schools in Cleveland..

Investment Details

Purchase price: 54,900

Gross annual rental income: $14,400

Property running costs: $3,388
(Tax, insurance and management costs)

Net annual rental income: $11,012

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 21%

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