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33797400 - Buy a Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

  • This property has been added by Synergy Property Investments (Global Investments Incorporated)
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Five bedroom house

Property Information

Type: Townhouse Property ID: 33797400
Location: City of Cleveland, USA Added on: 16 Nov 2018
Price: £63,431

Short Description

This huge five bedroom multi unit house is amazing value at $76,900...

Key Information

  • Property ID: 33797400
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 63,431 / € 69,261 / $ 76,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This huge triplex multi-family home is located on a very nice street in South-Collinwood, it is just five minutes from the Lakeshore and only two minutes from Collingwood High School. The property is divided into three large apartments, you have two large two bedroom apartments and one large one bedroom apartment. All three apartments are in a great condition and all have tenants in place, the total rent is $21,000 per year . This property is under management by a great local management company.

South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid, this property is only 8.8 miles from Downtown.

Investment Details

Purchase price: 76,900

Gross annual rental income: $21,000

Property running costs: $4,010
(Tax, insurance and management costs)

Net annual rental income: $16,990

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

Return on investment: 22%

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Property Alerts

  • Townhouse
  • 5 bedrooms
  • USA
  • City of Cleveland
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