House for sale
£67,004
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41697404
Property description
This large multi-family home is located in 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 few minutes 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
are now vacant and have just been updated throughout too a good rental ready
standard. The management company will place brand new tenants when the new
owner closes on the property, each apartment should achieve $750 – $800 in rent
each month. The tenants could either be private or Section 8.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 5
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.
Return of investment
20%
Break even in
5 Years.