Property for sale in City of Cleveland - 41708256 - Advertised on propertyO by Global Investments Incorporated

House for sale

£115,410

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708256


Property description

This large multi-family home is located on a very nice street in Woodland Hills, less than 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 three large apartments, you have two large two bedroom apartments and a
large three bedroom apartment. All three apartments will be renovated by Global Investments best
contractors and will be supplied rent ready to a Section 8 standard. The works will begin when the new
owner closes on the property. When complete the management company will place brand new vetted
tenants. Each two apartment should achieve $1,000 – $1,250 in rent each month and the three
bedroom apartment should achieve $1,250 – $1,700 each month based on the current Section 8 rates.
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.

Investment Calculations
Purchase price
$135,900
Gross annual rental income:
$42,600
Property running costs:(Tax, insurance and management costs)
$6,272
Net annual rental income:
$32,328
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

27%

Break even in

3.7 Years.

Contact Global Investments Incorporated about this property

Enter details
  1. Keep me updated with similar properties
  2. CAPTCHA

Similar properties for sale nearby

50+ more properties in City of Cleveland

© www.propertyo.com All Rights Reserved.24 Jacks Place, Shoreditch, London, E1 6NN.
Terms & Conditions | Privacy Policy