Property for sale in City of Cleveland - 41699229 - Advertised on propertyO by Global Investments Incorporated
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House for sale

£59,361

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41699229


Property description

This large two apartment multi family home is located on a 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 $600 in rent each month. The market
rent is closer to $750 – $850 in rent each month. The seller has requested the tenants not
to be disturbed, internal pictures will be supplied with the inspection. All contracts are
subject to a full independent inspection.
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
$69,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$2,799
Net annual rental income:
$11,601
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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