Five bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41690152

Summary Data

Price £84,837
Price Type
Bedrooms 5 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses

Location Map

Property Description

This fantastic large two apartment multi family house is located on a nice street in Bedford
which is a lovely Grade B neighbourhood in Cleveland, this area is close to Oakwood,
Maple Heights and Bedford Heights. Investment properties rarely come up in this area.
This property is split into two large apartments. There is a three bedroom apartment and
also a two bedroom apartment. The property is currently undergoing a refurbishment and
included in the price is $15,000 for the remaining cosmetic repairs to bring each apartment
to a good rental ready condition. The final works will begin after the new owner closes on the
property. When complete the management company will place brand new tenants. The two
bedroom apartment should achieve $800 – $850 in rent each month and the three bedroom
apartment $900 – $950 in rent each month.

Bedford is viewed as one of the best areas of Cleveland and is a grade B area. Bedford is a
community with a rich heritage and home to global pharmaceutical companies and the
Historic Bedford Automile. Located in the heart of the Western Reserve and surrounded by
the Cleveland Metroparks, Bedford’s historic downtown is adorned with 19th century
architecture, unique shops and an assortment of restaurants.

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

5.8 Years.

No investment data available