Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41694257

Summary Data

Price £59,361
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 very nice two apartment multi family home is located on a nice street in
Corlett and is less than half a mile and walking distance to John Adams College,
one of the leading 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. One of the
apartments has a private long term tenant in place paying $600 in rent each
month and the second apartment has a Section 8 tenant in place paying $620 in
rent each month. The house is under management with a greta local Cleveland
property management company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 8.8 miles
from Downtown and 5.3 miles from University Circle. Also just 1.2 miles away you
have Lee Harvard shopping centre. The property is also just 5 minutes to John
Adams College, one of the best schools in Cleveland..

Investment Calculations
Purchase price
$69,900
Gross annual rental income:
$14,460
Property running costs:(Tax, insurance and management costs)
$3,264
Net annual rental income:
$11,376
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

No investment data available