Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41700465
Summary Data
Price | £76,345 |
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 two apartment multi family home is located on a nice street in Forest Hills close to the
shores of Lake Erie and is less than 1 mile from Glenville High School, 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 will be renovated by
Global Investments best contractors and will be supplied rent ready to a Section 8 standard. The
property comes with a 2 month rental guarantee to give the new owner an immediate income while
the repairs are being completed. When complete the management company will place brand new
vetted tenants. Each apartment should achieve $800 – $850 in rent each month. This house when
renovated would appraise for approx $120,000 which would give the new owner immediate equity.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo District,
Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and bike trails. The house
is just 2 miles to the Famous Shoreby Club and the neighbouring community Bratenahl. Bratenahl is
one of the most exclusive residential areas in Cleveland where properties can sell in the Millions.
Return of investment
19%
Break even in
5.26 Years.