Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41699342

Summary Data

Price £83,139
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 great large two apartment multi family home is very well located in Cudell on the
Westside of Cleveland. The house is just a short walk to The Amazon Hub @ 10801
Madison Avenue.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs. One apartment
has a tenant in place paying $700 in rent each month and the other apartment also
has a tenant in place paying $550 in rent each month. The current market rent for the
apartments is closer to $750 – $950 each month.
Cudel is located on the Westside and viewed as desirable location in Cleveland Ohio, it
is just 5 miles from Downtown Cleveland and just 2 miles from Detroit Shoreway which
is one of the best areas in Cleveland. The property is also only 5 minutes from
Edgewater park which features 9000 feet of shoreline, dog and swim beaches, boat
ramps, fishing pier, picnic areas and grills

Investment Calculations
Purchase price
$97,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$3,704
Net annual rental income:
$11,296
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

12%

Break even in

8.3 Years.

No investment data available