Property Sales - 41572184 - 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
03 Feb 2021
£ 50,869 / € 58,110 / $ 59,900

Short Description

This large four bedroom house is amazing value at $59,900..

Key Information

  • Property ID: 41572184
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 50,869 / € 58,110 / $ 59,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

Full Description

This fantastic large multi-family two apartment home is located on a nice street in East Cleveland only a short walk to Cleveland Heights where you will find the Community Centre, Forest Hills Park and many amenities. The property is divided into two large two bedroom apartments, you have a large two bedroom apartment upstairs and a large two bedroom apartment downstairs. Both apartments have good paying long term tenants in place. The monthly rental income is $1,250 each month. This property is under management by a great local property management company.

East Cleveland is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, South Collinwood Richmond Heights and Euclid This property is just a short walk from Cleveland Heights where there are many amenities such as Forest Hills Park, Supermarkets, Shops and popular Cafe’s such as Starbucks.


Investment Calculation

Purchase price: 59,900

Gross annual rental income: $15,000

Property running costs: $3,183
(Tax, insurance and management costs)

Net annual rental income: $11,817

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

Return on investment: 20%

Break even in 5 Years



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Property Alerts

  • Townhouse
  • 4 bedrooms
  • USA
  • City of Cleveland
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