House for sale
£50,869
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41702519
Property description
This very nice large two bedroom single family home is located on a nice street in Forest Hills
close to the shores of Lake Erie and just 1 mile from Glenville High School, one of the best
schools in Cleveland.
The property has 2 bedrooms, one bathroom, a full basement and a large rear garden. The
property has just been refurbished and made rental ready to a Section 8 standard. The
management company will place brand new tenants when the new owner closes on the
property. The current market rate with Section 8 is $1,000 – $1,250 each month.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and bike
trails. The house is less than 2 miles to Forest Hills Park, a historic urban park that was a portion
of John D. Rockefeller’s estate. The 248-acre (1.00 km2) park has six baseball diamonds (four lit),
six lit tennis courts and three walking trails that have retained the natural green space.
Return of investment
21%
Break even in
4.76 Years.