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41696427 - Buy a House in USA, Ohio, Cuyahoga County, City of Cleveland

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Five bedroom house

Property Information

Type: House Property ID: 41696427
Location: City of Cleveland, USA Added on: 20 Aug 2023
Price: £76,345

Short Description

This huge multi unit is a rare find at $89,900..

Key Information

  • Property ID: 41696427
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 76,345 / € 87,214 / $ 89,900

Full Description

This large three apartment multi-family home is located in Mount Pleasant and is
only 1.6 miles from 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 and all three apartments are
occupied, you have two large two bedroom apartments and one large one
bedroom apartment in the attic.
The house is under management with a great local Cleveland property
management company.

Mount Pleasant is seen as a very strong investment area in Cleveland, just 1.6
miles away you have the famous Shaker Square which is one of the biggest
attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and
even has a cinema. This property is also only 7 miles from Downtown and 4 miles
from the University Circle.

Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$22,800
Property running costs:(Tax, insurance and management costs)
$3,738
Net annual rental income:
$19,062
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

22%

Break even in

4,54 Years.

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  • House
  • 5 bedrooms
  • USA
  • City of Cleveland
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