Nubricks.com

Property Sales - 41700673 - House in USA, Ohio, Cuyahoga County, City of Cleveland

<< Back to search results

Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41700673
City of Cleveland, USA
29 Jan 2024
£ 72,099 / € 82,363 / $ 84,900

Short Description

This four bedroom multi unit is amazing value at $84,900..

Key Information

  • Property ID: 41700673
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 72,099 / € 82,363 / $ 84,900

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 is less than 1 mile 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 has recently had 2 new
furnaces and also 2 new hot water tanks. One apartment has a good tenant that has been in
place since 2019 paying $750 in rent each month. The upstairs apartment has just been
renovated and made rental ready. The management company will place brand new tenants when
the new owner closes on the property paying $800 in rent each month.
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 less than 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
$84,900
Gross annual rental income:
$18,600
Property running costs:(Tax, insurance and management costs)
$3,660
Net annual rental income:
$14,940
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
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

CAPTCHA Send my request

Related Properties

© 2005-2013 nubricks.com The Overseas Property Blog. All Rights Reserved
Nubricks.com, 24 Jacks Place, Shoreditch London, E1 6NN, United Kingdom