Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41694449
Summary Data
Price | £69,551 |
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. The property has
Section 8 tenants in place in the lower apartment paying $750 in rent each month. The
upper apartment needs some minor repairs to be made rent ready. The repairs are
included in the price and will be completed as soon as the new owner closes on the
property. The management company will then place brand new tenants. The market rate
for a section 8 tenant in this property is $850 in rent each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 1.8 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 miles from the University Circle.
Return of investment
20%
Break even in
5 Years.