House for sale
£71,250
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41699783
Property description
This large brick built multi-family home is located on a very nice street in Woodland Hills,
just 2 miles from the famous Shaker Square, one of the biggest attractions in Cleveland.
Shaker Square is full of restaurants, bars, boutiques and even has a cinema.
The property is divided into two large apartments, you have a large three bedroom
apartment and another large three bedroom apartment sitting side by side. Both
apartments have tenants in place paying $700 in rent each month. The current market rent
for the apartments is closer to $750 – $950 each month. Included in the price are the funds
for a brand new roof whcih will be completed after the new owner closes on the property.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 3 miles from the University Circle & only 2 miles from Shaker
square. There are many new built homes being built in this area, increasing the value or
surrounding properties with a good potential for capital appreciation. New builds are
selling for over $300,000.
Return of investment
17%
Break even in
5.8 Years.