House for sale
£45,773
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41706435
Property description
This nice four bedroom single family home is located in Forest Hills close to the shores of
Lake Erie and is just a short walk to Glenville High School, one of the best schools in
Cleveland.
The property has three bedrooms, one bathroom, a full converted basement and a large
rear garden with a detached garage, The house has tenants in place paying $750 in rent
each month and is under management with a great local Cleveland property management
company. The current market rent with Section 8 housing can reach up to $1,600 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 just 1.5 miles to the Famous Shoreby Club and the neighbouring
community Bratenahl. Bratenahl is one of the most exclusive residential areas in Cleveland
where properties can sell in the Millions.
Return of investment
13%
Break even in
7.69 Years
