Property for sale in City of Cleveland - 41708149 - Advertised on propertyO by Global Investments Incorporated

House for sale

£80,591

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708149


Property description

This large multi-family home is located in Buckeye Shaker and is only three minutes and
walking distance from the centre of the famous Shaker Square. Shaker Square is one of
the biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even
has a cinema.
The property is divided into three apartments. You have a large two bedroom
apartment and two spacious one bedroom apartments. All three apartments have
tenants in place each paying $650 in rent each month. The house is under management
with a great local Cleveland property management company.
Buckeye Shaker is seen as a very strong investment area in Cleveland, less than 1 mile
away you have the famous Shaker Square. The house is also just half a mile to
Larchmere Blvd which is host to a multitude of many quality cafe’s, restaurants, beauty
salons, fashion shops and many small businesses. This house is extremely well located.

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$23,400
Property running costs:(Tax, insurance and management costs)
$3,872
Net annual rental income:
$19,528
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

21%

Break even in

4.76 Years.

Contact Global Investments Incorporated about this property

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