Medhead.com

41577374 - Buy a Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

  • This property has been added by Global Investments Incorporated
  • For further details contact the advertiser directly using the form at the bottom of the page
  • Tick the tickbox at the bottom of the page for automated alerts when similar new properties are added
  • Opt in to contact from partners offering foreign currency, overseas mortgage, or legal services
<< Back to search results

Five bedroom house

Property Information

Type: Townhouse Property ID: 41577374
Location: City of Cleveland, USA Added on: 04 Mar 2021
Price: £47,795

Short Description

This huge five bedroom multi unit is amazing value at $64,900...

Key Information

  • Property ID: 41577374
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 47,795 / € 53,227 / $ 64,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This large two apartment multi-family home is located in the sought after area of Glenville, just seven minutes from Glenville High School which is one of the best schools in Cleveland. The property is divided into two large apartments. You have a large two bedroom apartment downstairs and a large three bedroom apartment upstairs. There is one good long term tenant in place in the downstairs tenant paying $650 in rent each month. The upstairs three bedroom apartment is being refurbished to a Section 8 standard and the management company will place brand new tenants when the new owner closes on the property paying $700 – $750 in rent per month. The tenants can either be Section 8 or private and will be the decision of the new owner.

Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines, bike trails, and allows access to the beach parks in the neighbourhoods on the Northside. This property is extremely well located within walking distance of The University circle.

 

Investment Calculation


Purchase price: 64,900

Gross annual rental income: $16,800

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

Net annual rental income: $12,920

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

Return on investment: 20%

Break even in 5 Years

Contact the Advertiser

CAPTCHA

Property Alerts

  • Townhouse
  • 5 bedrooms
  • USA
  • City of Cleveland
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

Send my request

Related Properties