Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41693968
Summary Data
Price | £62,758 |
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 very nice two apartment multi family home is located on a nice street in Corlett
and is just 1.2 miles to 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. One of the
apartments has a long term tenant in place paying $500 in rent each month which is
below market value, should the tenant leave the rent could be increased. The
second apartment has just been updated and made rental ready and the
management company will place brand new tenants when the new owner closes on
the property paying $750 – $800 in rent each month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 8.6 miles from
Downtown and 6.7 miles from University Circle. Also just 1.4 miles away you have
Lee Harvard shopping centre. The property is also just 1.2 miles to John Adams
College, one of the best schools in Cleveland..
Return of investment
17%
Break even in
5.8 Years.