Apartment for sale
£55,115
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696430
Property description
This large two apartment multi family home is located on a nice street in South Broadway which
is just 4.6 miles from Downtown Cleveland. This property is also just two minutes and just a short
walk to the centre of Slavic Village one of the most demanded areas 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 tenants in place,
both paying $550 in rent each month. The current market rent for each apartment is $750 each
month. The house is under management with a great local Cleveland property management
company.
South Broadway is viewed as a very central location in Cleveland Ohio, it is just 4.6 miles miles
from Downtown and 5.2 miles from University Circle. The property is also just a short walk to the
centre of Slavic Village. Slavic Village is going through large development projects with many
new build homes also being built on vacant plots. This is one of the most up and coming areas
in the City and in huge demand by investors. The house is also just half a 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.
Return of investment
16%
Break even in
6.25 Years