Five bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41693267
Summary Data
Price | £72,948 |
Price Type | |
Bedrooms | 5 - Bed |
Bathrooms | 3 - Bath |
Plot Size | |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This large multi family three apartment home is located on a nice street in the sought after area
of South-Collinwood, it is just five minutes from the Lakeshore and is within walking distance to
Collingwood High School, one of the best schools in Cleveland.
The property is split into three apartments, there are two, two bedroom apartments and one, one
bedroom apartment. One apartment is currently tenanted at $650 a month and the other two
apartments will be made rent ready once the new Owner closes on the property, the work is
included in the price.
Once the work is finished the management company will place brand new tenants into the two
bed apartment for $700 per month and they will also place a tenant in the one bed apartment for
$550 – $600 per month.
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 just 1 mile and walking distance to Collinwood High School one of the best
schools in Cleveland. This is one of our most demanded areas by investors
Return of investment
23%
Break even in
4.34 Years