Six bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41690556

Summary Data

Price £61,908
Price Type
Bedrooms 6 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses

Location Map

Property Description

This fantastic two apartment multi-family home is located in the sought after area of
Glenville, just five minutes from Glenville High School which is one of the best
schools in Cleveland.
The property is divided into two large apartments. You have a large three bedroom
apartment downstairs and a large three bedroom apartment upstairs. The house has
tenants in place in both apartments, The upstairs tenant has been in place for over 5
years and is paying $575 in rent each month. The downstairs tenant over 1 year
paying $775 in rent each month. The market rent for both apartments is now closer
to $800 – $850 so the rent could be increased in the future should a tenant leave.

Glenville is seen as a very strong investment area in Cleveland, it is close to the
Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for
bus lines, bike trails, and allows access to the beach parks in the neighbourhoods
on the Northside. It is also just 5 miles from Downtown and just 1 mile from the
University Circle.

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

6.6 Years

No investment data available