Property Sales - 41691259 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Eight bedroom house

Property Information

Property ID:
Location :
Added On :
Price :
City of Cleveland, USA
25 Feb 2023
£ 297,143 / € 339,445 / $ 349,900

Short Description

This huge multi unit is a rare find at $349,900..

Key Information

  • Property ID: 41691259
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 297,143 / € 339,445 / $ 349,900

Full Description

This fantastic brick built six apartment multi family house is located on a nice street in
Maple Heights which is a great neighbourhood in Cleveland, this area is close to Lee
Miles, Garfield Heights and is walking distance to Maple Heights high school.
The property consists of six one and two bedroom apartments. All six apartments
haver been completely refurbished to a high standard. There are now tenants in 5
apartments. The management company will place a brand new tenant in the
remaining apartment when the new owner closes on the property. The current market
rent is $750 per month.
Once placed the total monthly rental income will be $3,810

Maple Heights is viewed as one of the best areas of Cleveland. The property is just
half a mile and walking distance to Maple Heights high school. The high school is
very well known and respected in the area. A new 5,000 capacity stadium with
artificial turf and an all-weather track opened in 2014, home of the Maple Heights

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

10 Years.

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Property Alerts

  • House
  • 8 bedrooms
  • USA
  • City of Cleveland
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