Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41693969

Summary Data

Price £63,607
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 a nice street in Union – Miles Park which is a
great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic
Village. It is also just a few minutes to John Adams College And Career Academy,
which is 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 two bedroom apartment upstairs. Both apartments
have tenants in place each paying $600 in rent each month. The market rent is
currently closer to $750 – $800 so should either tenant leave the rent could be
increased. The house is under management with a great local Cleveland property
management company.

Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 8
miles from Downtown and 5 miles from University Circle. University Circle has the
highest concentration of cultural attractions and performing arts venues in the whole of
the US. The house is also just 1 mile to John. Adams College and Career Academy.

Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$2,878
Net annual rental income:
$11,522
Investment calculation - Net Income divided by Purchase price = NET ROI.

No investment data available