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House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41699075

Property description

This large multi-family home is located in Euclid Green right next to South Collinwood and
only a short distance from the Lakefront. It is also only three minutes and walking distance to
Euclid Park School
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.
Euclid Green 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 South
Collinwood, this property is only 2.3 miles from Euclid Creek Reservation, a beautiful nature
trail full of natural wildlife, picnic areas and stunning scenery. A great family area that is close
to the city and yet nature is all around you.

Investment Calculations

Purchase price

$77,900

Gross annual rental income:

$15,600

Property running costs:(Tax, insurance and management costs)

$3,197

Net annual rental income:

$12,043

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

16%