
House for sale
£67,853
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41708584
Property description
This great single family home is located on a nice street in Corlett and is less than a mile and
minutes from John Adams College, one of the leading schools in Cleveland.
There are four bedrooms, one bathroom a full basement and a large garden. The property
will be renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. The works will begin after the new owner closes on the property, when
complete the management company will place brand new vetted tenants. The house should
achieve $1,250 – $1,700 in rent each month based on the current Sectiopn 8 rates. The house
once renovated will have an ARV of approx $100,000 giving the new owner immediate equity
in the property.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from
Downtown and 5 miles from University Circle. Also less than 2 miles away you have Lee
Harvard shopping centre. The property is also just walkimg distance to John Adams College,
one of the best schools in Cleveland.
Return of investment
21%
Break even in
4.76 Years.