Five bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41695176
Summary Data
Price | £84,837 |
Price Type | |
Bedrooms | 5 - Bed |
Bathrooms | 2 - Bath |
Plot Size | |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This fantastic large brick built 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
situated directly opposite 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 three bedroom apartment upstairs. The house has a tenant in place in
the two bedroom apartment paying $650 in rent each month, the market rent is $750. The
second 3 bedroom apartment has just been vacated and included in the price are some
cosmetic repairs needed to update the apartment and make it rental ready. The works will
begin as soon as the new owner closes own the property, when complete the management
company will place brand new tenants. The apartment should achieve $850 – $900 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 in a very desirable street sitting directly opposite
Collinwood High School one of the best schools in Cleveland.
Return of investment
16%
Break even in
6.25 Years