Property for sale in City of Cleveland - 41709168 - Advertised on propertyO by Global Investments Incorporated

House for sale

£101,822

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41709168


Property description

This fantastic lovely four bedroom single family home is located in the Waterloo Art District in North
Collinwood, right next to the Lakefront and close to the new Amazon facility. The Waterloo District is
known as a bustling area with art studios, entertainment, restaurants, bars and retail, it is the place to
go out on the Eastside of Cleveland.
There are four bedrooms, two bathrooms, 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 work will begin after the new owner cloases on the property.When complete the
management company will place brand new vetted tenants. The house should achieve $1,350 –
$1,800 in rent each month. Due to the fantastic location the new owner couls also look at renting
personally via Air B & B. Properties like this are renting for approx $200 per night.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You
can hear live music at one of the best venues in the country or browse an awesome indie music store.
The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.

Investment Calculations
Purchase price
$119,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$3,596
Net annual rental income:
$18,004
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%

Break even in

6.6 Years.

Contact Global Investments Incorporated about this property

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