Property Sales - 32684521 - Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
City of Cleveland, USA
07 Sep 2018
£ 32,289 / € 36,560 / $ 40,900

Short Description

This huge four bedroom multi unit house is a rare find at $40,900...

Key Information

  • Property ID: 32684521
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 32,289 / € 36,560 / $ 40,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This huge multi-family home is located in South Broadway, less than ten minutes from Holy Name Elementary School. The property is divided into two very large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. Both apartments are tenant occupied and the rent is $900 per month. This property is under management by a great local property management company.

South Broadway is viewed as a very central location in Cleveland Ohio, it is just 6.5 miles miles from Downtown and 6 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.

Investment Details

Purchase price: 40,900

Gross annual rental income: $10,800

Property running costs: $2,880
(Tax, insurance and management costs)

Net annual rental income: $7,920

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 20%

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Property Alerts

  • Townhouse
  • 4 bedrooms
  • USA
  • City of Cleveland
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