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Property Sales - 41700102 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41700102
City of Cleveland, USA
08 Jan 2024
£ 74,647 / € 85,274 / $ 87,900

Short Description

This four bedroom multi unit is amazing value at $87,900..

Key Information

  • Property ID: 41700102
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 74,647 / € 85,274 / $ 87,900

Full Description

This large two apartment multi family home is located on a nice street in Forest Hills close to
the shores of Lake Erie and just a 4 minutes drive from Glenville High School, one of the best
schools in Cleveland.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The property also has tenants in
place in both apartments each paying $800 in rent each month. The house is under
management with a great local Cleveland property managment company.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and bike
trails. The house is just 2 miles to the Famous Shoreby Club and the neighbouring community
Bratenahl. Bratenahl is one of the most exclusive residential areas in Cleveland where
properties can sell in the Millions.

Investment Calculations
Purchase price
$87,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,520
Net annual rental income:
$15,680
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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