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Property Sales - 41709292 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Twelve bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41709292
City of Cleveland, USA
08 Apr 2025
£ 212,221 / € 242,433 / $ 249,900

Short Description

This multi unit is a rare find at $249,900..

Key Information

  • Property ID: 41709292
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 212,221 / € 242,433 / $ 249,900

Full Description

This huge six apartment multi family home is located in Mount Pleasant and is right next to Shaker
Heights. The house is also just 1.5 miles from the famous Shaker Heights High School. Shaker
Heights is one of the most demanded and prestigious areas in Cleveland.
The property is divided into six spacious two bedroom apartments. All six apartments will be
renovated by Global Investments best contractors and will be supplied rent ready to a Section 8
standard. The works will begin when the new owner closes on the property. When complete the
management company will place brand new vetted tenants. Each two bed apartment should
achieve $850 – $1,100 in rent each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 1 mile away you have
Shaker Square which is one of the biggest attractions in Cleveland. The house is also just bordering
on the famous Shaker Heights, one of the most desirable areas in Cleveland. The house is just 1.5
miles from Shaker Heights High School.

Investment Calculations
Purchase price
$249,900
Gross annual rental income:
$79,200
Property running costs:(Tax, insurance and management costs)
$15,838
Net annual rental income:
$63,362
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

25%

Break even in

4 Years.

Contact the Advertiser

Property Alerts

  • House
  • 10 bedrooms
  • USA
  • City of Cleveland
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