Five bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41691258

Summary Data

Price £57,662
Price Type
Bedrooms 5 - Bed
Bathrooms 2 - Bath
Plot Size
Building Size
Sector Residential
Type Houses

Location Map

Property Description

This large four bedroom multi family home is located on a nice street in the sought after area
of Glenville, just three minutes and one mile from Glenville High School and is only a short
distance from the Lakefront.
The property is split into two large apartments. There is a large 4 bedroom apartment
downstairs and a one bedroom apartment upstairs. The property has tenants in place in both
apartments and the monthly rental income is $1,300. The tenants are Section 8/EDEN so the
rent is paid direct to the landlord via the City of Cleveland.The house is under management
with a great local Cleveland property management company..

Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway). The property is just 1.3 miles from E105th
Street. The up and coming “ Opportunity Corridor “ and the final phase of a $306 million
roadway project. When completed, the three-mile Opportunity Corridor will connect Interstate
490 at East 55th Street with East 105th Street and University Circle. A great location for future
capital appreciation.


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

5.26 Years

No investment data available