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32939652 - Buy a Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

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Eight bedroom house

Property Information

Type: Townhouse Property ID: 32939652
Location: City of Cleveland, USA Added on: 23 Sep 2018
Price: £83,983

Short Description

This huge multi unit house is a rare find with a 23% net return...

Key Information

  • Property ID: 32939652
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 83,983 / € 97,214 / $ 109,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This is a unique opportunity to purchase a huge four apartment house located on a nice street in Saint Clair-Superior just 2.7 miles from the famous University Circle. Saint Clair-Superior is close to the great lake, borderline lake properties offer lots of potential for future growth. The property is divided into four very large apartments and has recently been made rental ready, two apartments have brand new tenants moving in on the13th of October and the management company have just screened tenants for the remaining two apartments. Each tenant is paying $600 per month, this is a great investment property and is managed by a great local Cleveland management company.

Saint Clair-Superior is viewed as an up and coming area in Cleveland due to its close proximity to the lake, it is also just 2.5 miles from Downtown and 2.7 miles from University Circle. The University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.

Investment Details

Purchase price: 109,900

Gross annual rental income: 28800

Property running costs: $3,880
(Tax, insurance and management costs)

Net annual rental income: $24,920

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 23%

 

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Property Alerts

  • Townhouse
  • 8 bedrooms
  • USA
  • City of Cleveland
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