Property for sale in City of Cleveland - 41703358 - Advertised on propertyO by Global Investments Incorporated

House for sale

£84,837

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41703358


Property description

This large four bedroom single family home is located in the Waterloo Art District in North Collinwood,
right next to the Lakefront and close to the new Amazon facility. The Waterloo District is known as a
bustling area with art studios, entertainment, restaurants, bars and retail, it is the place to go out on
the Eastside of Cleveland.
The property consists of four large bedrooms, two bathrooms a large lounge diner a full basement and
a large rear garden. The property also has tenants in place paying $1,100 in rent each month. The
current market rent for this property with Section 8 housing is $1,450 – $1,600
The house is under management with a great local Cleveland property management company. The
property has a potential 70% finance available, terms and conditions apply.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You
can hear live music at one of the best venues in the country or browse an awesome indie music store.
The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.

Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$9,084
Net annual rental income:
$4,116
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

13%

Break even in

7.69 Years.

Contact Global Investments Incorporated about this property

Enter details
  1. Keep me updated with similar properties
  2. CAPTCHA

Similar properties for sale nearby

50+ more properties in City of Cleveland

© www.propertyo.com All Rights Reserved.24 Jacks Place, Shoreditch, London, E1 6NN.
Terms & Conditions | Privacy Policy