Property for sale in City of Cleveland - 41697350 - Advertised on propertyO by Global Investments Incorporated

House for sale

£74,647

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41697350


Property description

This large brick built two apartment multi family home is located on a nice street in
Union – Miles Park which is a great neighbourhood in Cleveland, this area is close to
Mount Pleasant and Slavic Village. It is also just a short walk to John Adams College
And Career Academy, which is 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 two bedroom apartment upstairs. Both apartments
have just been made rental ready. The management company will place brand new
tenants when the new owner closes on the property. Each apartment should achieve
$750 in rent each month.

Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7
miles from Downtown and 4 miles from University Circle. University Circle has the
highest concentration of cultural attractions and performing arts venues in the whole
of the US. The house is also just a short walk to John Adams College And Career
Academy, which is one of the best schools in Cleveland.

Investment Calculations
Purchase price
$87,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,463
Net annual rental income:
$14,537
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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