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Property Sales - 33660183 - Townhouse in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
Townhouse
33660183
City of Cleveland, USA
05 Nov 2018
£ 37,486 / € 43,114 / $ 48,900

Short Description

This large four bedroom house is amazing value at $48,900 for two apartments...

Key Information

  • Property ID: 33660183
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 37,486 / € 43,114 / $ 48,900
  • Detatched
  • Garden
  • Suburban
  • Town
  • Off Street Parking

Full Description

This large multi-family home is located on a very nice street in the sought after area of South-Collinwood, it is just five minutes from the Lakeshore and five minutes from Collingwood High 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 in a great condition and both are tenant occupied, the total rent is $14,400 per year .This property is under management by a great local management company.

South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid, this property is only 8.9 miles from Downtown.

Investment Details

Purchase price: 48,900

Gross annual rental income: $14,400

Property running costs: $3,390
(Tax, insurance and management costs)

Net annual rental income: $11,010

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

Return on investment: 23%

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Property Alerts

  • Townhouse
  • 4 bedrooms
  • USA
  • City of Cleveland
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