House for sale
£83,988
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41703670
Property description
This large single family home is located on a very nice street in Woodland Hills, right next to the
Woodland Homes district just on the boarder of Buckeye Shaker. The house is just 2 miles from the
entrance to the world famous Cleveland Clinic.
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 has just been refurbished
and made rental ready. The management company will place brand new tenants when the new
owner closes on the property. The house should achieve $950 – $1,250 in rent each month based
on current Section 8 rates.. The property is under management with a great local Cleveland
property management company.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 2 miles from the University Circle & only 1 mile 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
26%
Break even in
3.84 Years.