Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41701480

Summary Data

Price £67,004
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 on a nice street in Corlett and is less than one
mile and just three minutes and less than one mile from 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. Both apartments
have just been made rental ready. The management company will place brand new
tenants when the new owner closes on the property. Each apartment should achieve
$650 – $750 in rent each month. The management company already have applications
in process.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7.7 miles from
Downtown and 5.8 miles from University Circle. Also just 1.4 miles away you have Lee
Harvard shopping centre. The property is also just 3 minutes to John Adams College,
one of thing schools in Cleveland.

 

Investment Calculations
Purchase price
$78,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,322
Net annual rental income:
$14,678
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26 Years

No investment data available