41694501 - Buy a House in USA, Ohio, Cuyahoga County, City of Cleveland

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Five bedroom house

Property Information

Type: House Property ID: 41694501
Location: City of Cleveland, USA Added on: 20 May 2023
Price: £93,330

Short Description

This five bedroom multi unit is amazing value at $109,900

Key Information

  • Property ID: 41694501
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 93,330 / € 106,616 / $ 109,900

Full Description

This fantastic three apartment multi family home is located on a nice street in GoodrichKirkland which is just 2.1 miles 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
The property is split into three apartments. You have two large two bedroom apartments
and also an additional one bedroom apartment. All three apartments are in good order
and now vacant. The seller will be updating all three apartments to a good rental ready
standard. The funds are included in the price and the work will begin when the new
owner closes on the property. When complete the management company will place
brand new tenants. The two bedroom apartments will achieve $750 each per month and
the one bedroom apartment $550 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.


Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

5.26 Years

Contact the Advertiser


Property Alerts

  • House
  • 5 bedrooms
  • USA
  • City of Cleveland
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