Medhead.com

41633877 - 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: 41633877
Location: City of Cleveland, USA Added on: 25 Apr 2022
Price: £75,496

Short Description

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

Key Information

  • Property ID: 41633877
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 75,496 / € 86,244 / $ 88,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This large three apartment multi-family three apartment home is located on a nice
street in East Cleveland only a short walk to Shaw High School and only 5 minutes
from Glenville High School, which is one of the best schools in Cleveland.
The property is divided into three spacious apartments, you have a large two
bedroom apartment downstairs, a two bedroom apartment upstairs and a further
1 bedroom attic apartment. All three apartments are occupied and the total
monthly rental income is $2,050 each month.
This property is under management by a great local property management
company.

East Cleveland is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville,
South Collinwood Richmond Heights and Euclid, this property is only 7.9 miles
from Downtown, 3.2 miles from University circle & only 0.3 miles from Shaw High
School.

Investment Calculation

Purchase price: 88,900

Gross annual rental income: $24,600

Property running costs: $3,842
(Tax, insurance and management costs)

Net annual rental income: $20,758

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

Return on investment: 24%

Break even in 4.16 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