Medhead - Buy Your Dream Holiday Home
Advertise your property for as little as £20 per month
This large three apartment multi-family home is located in Mount Pleasant and is is right nextto Shaker Heights. The house is also just 1.5 miles from the famous Shaker Heights HighSchool. Shaker Heights is one of the most demanded and prestigious areas in Cleveland.The property is divided into three spacious apartments, you have two large two bedroomapartments and a one bedroom attic apartment. The property has a long term tenant in placein one apartment paying $625 in rent each month. The remaining two apartments are vacantand need some cosmetic repairs to bring them up to a good rental ready standard. The workswill begin as soon as the new owner closes on the property and are included in the price.Once completed the management company will place brand new tenants. One apartmentshould achieve $800 in rent each month and the second $550 – $600 in rent each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, less than 2 miles awayyou have the famous Shaker Square which is one of the biggest attractions in Cleveland. Thehouse is also just bordering on the famous Shaker Heights, one of the most desirable areas inCleveland. The house is just 1.5 miles from Shaker Heights High School.
Return of investment
Break even in
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Global Investments Incorporated
Date added: 21 May 2022
Date added: 15 Sep 2022