Property for sale in City of Cleveland - 41699020 - Advertised on propertyO by Global Investments Incorporated

House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41699020


Property description

This fantastic two apartment multi family home is located on a very nice street in the
sought after area of South-Collinwood, it is just five minutes from the Lakeshore and just.
Short walk to Collingwood High School, 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. The property also
has tenants in place in both apartments paying $650 in rent each month. The market
rent is closer to $850 in rent each month.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, Richmond
Heights and Euclid, The property is less than 1 mile to Collinwood High School one of the
best schools in Cleveland. This is one of our most demanded areas by investors

 

Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$3,573
Net annual rental income:
$12,027
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%

Break even in

6.25 Years.

Contact Global Investments Incorporated about this property

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