41649521 - 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

Eight Bedroom House

Property Information

Type: Townhouse Property ID: 41649521
Location: City of Cleveland, USA Added on: 15 Sep 2022
Price: £123,053

Short Description

This huge eight bedroom multi unit is amazing value at $144,900..

Key Information

  • Property ID: 41649521
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 123,053 / € 140,570 / $ 144,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This fantastic four apartment multi family home is located in Goodrich-Kirkland which is just 1.8
miles and walking distance to Downtown Cleveland. Properties close to the City rarely come
onto the market at the right price as there is huge potential for future capital appreciation.
The property is split into four apartments. You have two large two bedroom apartments
downstairs and two large two bedroom apartments upstairs. The property has tenants in two
apartments that have resided in the property for a long time paying way under the market rent,
both units generate $825 in rent each month so the rent could be increased in the future. The
remaining two apartments will be supplied rental ready by the seller and the work is included
in the price. The work will begin after closing, once completed the management company will
place brand new tenants in both apartments each paying $800 in rent per month.

Goodrich-Kirkland Park is an extremely well located suburb which is just walking distance East
of the centre of downtown. The property is very close to Burke Lakefront Airport just to the
North. Due to the proximity of the City and every amenity possible this area is very highly
demanded for rentals and investors looking for long term capital appreciation.

Investment Calculation

Purchase price: 144,900

Gross annual rental income: $29,100

Property running costs: $6,910
(Tax, insurance and management costs)

Net annual rental income: $22,190

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

Return on investment: 16%

Break even in 6.25 Years

Contact the Advertiser


Property Alerts

  • Townhouse
  • 8 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