Property for sale in City of Cleveland - 41696066 - Advertised on propertyO by Global Investments Incorporated

House for sale

£45,773

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696066


Property description

This very nice two bedroom family home is located in North Broadway which is just 4 miles
from Downtown Cleveland. This property is also just 1.4 miles from Slavic Village one of the
most demanded areas in Cleveland.
The property has two bedrooms, one bathroom, a full basement and a large rear garden. The
property has just recently been rehabbed which included a new furnace and a new hot water
tank.
The house has a good tenant living with her daughter and granddaughter and is under
management with a great local Cleveland property management company.

North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4 miles miles
from Downtown and 5 miles from University Circle. The property is also just 1.4 miles from
Slavic Village. Slavic Village is going through large development projects. This is one of the
most up and coming areas in the City and in huge demand from investors. The house is also
just 1 mile from the brand new Amazon fulfilment centre and latest acquisition of the 1.273-
acre site of the former Mound Elementary School on Mound Avenue at East 55th Street.

Investment Calculations
Purchase price
$53,900
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,280
Net annual rental income:
$8,520
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years

Contact Global Investments Incorporated about this property

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