Six bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41691210

Summary Data

Price £70,401
Price Type
Bedrooms 6 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses
Subtype
Tenure
Completion
Parking

Location Map

Property Description

This fantastic two apartment multi family home is located on a very nice street in the
sought after area of South-Collinwood, it is just five minutes from the Lakeshore and
less than 1 mile to Collingwood High School, one of the best schools in Cleveland.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large four bedroom apartment upstairs, The property is
vacant and now rental ready.
The management company will place a brand new tenants in both apartments paying
$750 – $800 in the two bed and $850 in the four bed apartment when the new owner
closes on the property.

South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville,
Richmond Heights and Euclid, The property is less than1 mile to Collinwood High
School one of the best schools in Cleveland. This is one of our most demanded areas
by investors.

 

Investment Calculations
Purchase price
$82,900
Gross annual rental income:
$19,800
Property running costs:(Tax, insurance and management costs)
$3,980
Net annual rental income:
$15,820
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years

No investment data available