Property for sale in City of Cleveland - 41696469 - Advertised on propertyO by Global Investments Incorporated

House for sale

£67,853

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696469


Property description

This great two apartment multi family home is located on a nice street in South Broadway which
is just 4.5 miles from Downtown Cleveland. This property is also just one minute and just a
short walk to the centre of Slavic Village one of the most demanded areas in Cleveland.
The property is split into two apartments. You have a large two bedroom apartment downstairs
and a large two bedroom apartment upstairs. The property has just been updated inside and
now has tenants in place in both apartments paying $700 in rent 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 4.7 miles miles
from Downtown and 4.4 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 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
$79,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$3,576
Net annual rental income:
$13,224
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

Contact Global Investments Incorporated about this property

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