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41694416 - Buy a House in USA, Ohio, Cuyahoga County, City of Cleveland

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Eight bedroom house

Property Information

Type: House Property ID: 41694416
Location: City of Cleveland, USA Added on: 14 May 2023
Price: £127,299

Short Description

This multi unit house is amazing value at $149,900..

Key Information

  • Property ID: 41694416
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 127,299 / € 145,421 / $ 149,900

Full Description

This fantastic very large four apartment brick built multi family home is located on a nice street
in South Broadway which is just 8 miles from Downtown Cleveland. This property is also just
two miles and five minutes to the centre of Slavic Village one of the most demanded areas in
Cleveland.
The property is split into four apartments. You have two large two bedroom apartments
downstairs and two large two bedroom apartment upstairs. The property has tenants in place
in all four apartments each paying $750 in rent each month.
The house is under management with a great local Cleveland property management
company

The house is situated in an area called Turney which is the best part of Slavic Village.The
house is situated bordering Garfield Heights which is one of the nicest suburbs of Cleveland.
The house is just 5 minutes and 1.5 miles to Garfield Heights High School. Just 0.6 miles
away sits a variety of brand new builds

Investment Calculations
Purchase price
$149,900
Gross annual rental income:
$36,000
Property running costs:(Tax, insurance and management costs)
$6,200
Net annual rental income:
$29,800
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years

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Property Alerts

  • House
  • 8 bedrooms
  • USA
  • City of Cleveland
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