Five bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41690589

Summary Data

Price £75,496
Price Type
Bedrooms 5 - Bed
Bathrooms 3 - Bath
Plot Size
Building Size
Sector Residential
Type Houses

Location Map

Property Description

This fantastic very large three apartment multi family home is located on a nice street in South
Broadway which is just 4 miles from Downtown Cleveland. This property is also just two minutes
and just a short walk to the centre of Slavic Village one of the most demanded areas in
The property is made up of two very large one bedroom apartments and one large three
bedroom apartment. All three apartments are vacant and currently being made rental ready by
the seller. There are some final cosmetic repairs that will be completed after the new owner
closes on the property. Included in the price is 1 months rental while the works are being
completed. When finished the management company will place brand new tenants. The one bed
apartments should achieve $600 in rent and the three bed apartment $850 in rent each month.

South Broadway is viewed as a very central location in Cleveland Ohio, it is just 4 miles miles
from Downtown and 5 miles from University Circle. The property is also just a short walk to the
centre of Slavic Village. Slavic Village is going through large development projects with many
new build homes also being built on vacant plots. This is one of the most up and coming areas in
the City and in huge demand by investors.


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

4.34 Years

No investment data available