Four bedroom house, City of Cleveland, USA

City of Cleveland, Cuyahoga County, Ohio, USA

Property ID: 41702811

Summary Data

Price £101,822
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 fantastic two apartment multi family home is located on a very nice street in the sought
after area of South-Collinwood, it is just five minutes from the Lakeshore and less than 1 mile
to Collingwood 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. The house also comes with a brand
new roof, new siding and all new windows. When complete the management company will
place brand new vetted tenants. Each apartment should achieve $1,000 – $1,250 in rent each
month.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, Richmond
Heights and Euclid, The property is less than 1 mile to Collinwood High School one of the best
schools in Cleveland. This is one of our most demanded areas by investors

Investment Calculations
Purchase price
$119,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$5,585
Net annual rental income:
$25,415
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

21%

Break even in

4.76 Years.

No investment data available