Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41692966
Summary Data
Price | £61,908 |
Price Type | |
Bedrooms | 4 - Bed |
Bathrooms | 2 - Bath |
Plot Size | |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This large two apartment multi family home is located in Hough, close to the shores of
Lake Erie. Hough is a very demanded area in Cleveland due to its close proximity to
the University Circle, the entrance is just two miles away.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs. The property has
long term tenant in place in both apartments each paying $625 each month in rent.
The current market rent is $750 so should either tenant leave the rent could be
increased. The property is under management with a great local Cleveland property
management company.
Hough is seen as a very strong investment area in Cleveland, it is close to the
Waterloo District, Euclid, Bratenahl and the I90 (highway It is also just 2 miles from
the University Circle. The University Circle has the highest concentration of cultural
attractions and performing arts venues in the whole of the US, such as the Cleveland
Museum of Art; Severance Hall, Cleveland Institute of Art, plus many more.
Return of investment
17%
Break even in
6.6 Years