House for sale
£466,988
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41697934
Property description
This fantastic opportunity to purchase a large brick built property located in Cleveland Heights
which is arguably one of the nicest suburbs in Cleveland.
The property consists of four one bedroom apartments on the first floor that have all been
recently refurbished, also two spacious commercial storefront units on the ground floor. All
four apartments plus the commercial units have tenants in place. The total monthly rental
income is $5,325
The current market rent for each unit is closer to $950 to $1,000 each month.
Situated “up the hill” from University Circle, one of the largest employment centres in
Northeast Ohio, Cleveland Heights is one of the most desirable suburbs for buyers and renters
alike. Cleveland Heights has many galleries, performing arts and live music venues. This neareast neighbourhood dishes up fat slices of the American Dream, with beautiful old homes on
tree-lined streets within close proximity to thriving commercial strips, parks, schools, libraries
and public transportation. A great place to invest with potential huge future capital
appreciation.
Return of investment
9%
Break even in
11,1 Years.