House for sale
£93,330
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41703985
Property description
This large brick built multi-family home is located on a very nice street in Woodland Hills, just 2 miles
from the famous Shaker Square, one of the biggest attractions in Cleveland. Shaker Square is full of
restaurants, bars, boutiques and even has a cinema.
The property is divided into two large apartments, you have a large two bedroom apartment downstairs
and a large two bedroom apartment upstairs. Both apartments have just been vacated and will be
renovated by Global Investments best contractors and will be supplied rent ready to a Section 8
standard. The property comes with a 1 month rental guarantee to give the new owner an immediate
income while the repairs are being completed. The house also comes with a brand new roof and
appliances which helps obtain a higher Section 8 rental. When complete the management company will
place brand new vetted tenants. Each apartment should achieve $1,000 – $1,300 in rent each month.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from Downtown
Cleveland, just 3 miles from the University Circle & only 2 miles 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
24%
Break even in
4.16 Years.