Property for sale in City of Cleveland - 41700100 - Advertised on propertyO by Global Investments Incorporated

House for sale

£76,345

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41700100


Property description

This large multi-family home is located in Mount Pleasant. The house is also just 2 miles from
the famous Shaker Heights High School. Shaker Heights is one of the most demanded and
prestigious areas 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 house was recently
refurbished and had a brand new roof and all new mechanics. The property has tenants in
place in both apartments both paying $800 in rent each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, less than 2 miles away
you have the famous Shaker Square which is one of the biggest attractions in Cleveland.
Shaker Square is full of restaurants, bars, boutiques and even has a cinema. The house is just
6 miles from Downtown Cleveland, just 4 miles from the University Circle & only 2 miles
from Shaker square. University Circle has the highest concentration of cultural attractions
and performing arts venues in the whole of the US.

Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,820
Net annual rental income:
$15,380
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact Global Investments Incorporated about this property

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