Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693965

Summary Data

Price £62,758
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 multi-family home is located in Mount Pleasant and is only six minutes from
the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland
and is full of restaurants, bars, boutiques and even has a cinema.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs. One of the
apartments has tenants in place paying $600 in rent each month. The second
apartment was recently updated and made rental ready and the management company
will place brand new tenants when the new owner closes on the property paying $750
in rent each month.

Mount Pleasant is seen as a very strong investment area in Cleveland, less than 2.1
miles away you have the famous Shaker Square which is one of the biggest attractions
in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a
cinema. This property is also only 6 miles from Downtown and 3.6 miles from the
University Circle.

Investment Calculations
Purchase price
$73,900
Gross annual rental income:
$16,200
Property running costs:(Tax, insurance and management costs)
$3,620
Net annual rental income:
$12,580
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

No investment data available