Nubricks.com
Property Sales - 41696661 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This fantastic two apartment multi family home is located on a very nice street in thesought after area of South-Collinwood, it is just five minutes from the Lakeshore and only 1mile to Collingwood High School, one of the best schools in Cleveland.The property is divided into two large apartments, you have a large two bedroomapartment downstairs and a large two bedroom apartment upstairs, The property hasSection 8 tenants in place in the upper apartment paging $535 in rent each month. Themarket rent for this apartment is $750 – $800 in rent each month. The lower apartment hasjust been vacated and will be supplied by the seller rental ready. The managementcompany will place brand new tenants when the new owner closes on the property paying$750 – $800 in rent each month, the tenant could be Section 8 or private.
South-Collinwood is seen as a very strong investment area in Cleveland, this area issurrounded by some great neighbourhoods like University Heights, Glenville, RichmondHeights and Euclid, The property is just 1 mile to Collinwood High School one of the bestschools in Cleveland. This is one of our most demanded areas by investors.
Return of investment
16%
Break even in
6.25 Years.
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£114,560
Global Investments Incorporated
Date added: 14 May 2024
£83,139
Date added: 30 Nov 2023