Property Sales - 41583983 - 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
17 Apr 2021
£ 51,478 / € 57,328 / $ 69,900

Short Description

This large four bedroom house is a rare find at $69,900..

Key Information

  • Property ID: 41583983
  • Location: City of Cleveland
  • Property Type: Townhouse
  • Prices: £ 51,478 / € 57,328 / $ 69,900
  • Detatched
  • Garden
  • Off Street Parking
  • Outside Space

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 just one mile from the entrance of Euclid Creek Reservation. 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 also has a detached 2 car garage. Both of the apartments have been recently updated to a good standard and has new tenants in place each paying $700 in rent each month. The property is under management with a great local Cleveland 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, The property is just 1 mile from Euclid Creek Reservation, a beautiful nature trail full of natural wildlife, picnic areas and stunning scenery. A great family area that is close to the city and yet nature is all around you. This property is very well positioned in a very nice part of South-Collinwood.

Investment Calculation

Purchase price: 69,900

Gross annual rental income: $16,800

Property running costs: $3,480
(Tax, insurance and management costs)

Net annual rental income: $13,320

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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