House for sale
£101,822
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41702310
Property description
This large multi-family home is located in Union – Miles Park which is a great neighbourhood in
Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also just a few minutes to John
Adams College And Career Academy, which is 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 three bedroom apartment upstairs. Both apartments are now vacant and will
be supplied by the seller rental ready to a Section 8 standard. The final repairs will begin when the
new owner closes on the property. The management company will then place brand new tenants.
The market rate for a two bedroom apartment currently is $950 – $1,200 and a three bedroom
apartment $1,000 – $1,200 each month with Section 8 housing.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles from
Downtown and 5 miles from University Circle. University Circle has the highest concentration of
cultural attractions and performing arts venues in the whole of the US. The house is also just 1 mile
to John. Adams College and Career Academy.
Return of investment
21%
Break even in
4.76 Years.