House for sale
£67,853
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41707484
Property description
This large four bedroom single family home is located on a nice street in Forest Hills close to the
shores of Lake Erie and is only a four minute drive from Glenville High School, one of the best
schools in Cleveland.
The property has 4 bedrooms, one bathroom, a full basement and a large rear garden with a
detached garage. The property has just been renovated and made rental ready to a Sectipon 8
standard. The management company will place brand new tenants when the new owner closes
on the property. The house should achieve $1,100 – $1,300 each month in rent based on current
Section 8 market rates.
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 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
16%
Break even in
6.25 Years.