Nubricks.com

Property Sales - 41697350 - House in USA, Ohio, Cuyahoga County, City of Cleveland

<< Back to search results

Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41697350
City of Cleveland, USA
23 Sep 2023
£ 74,647 / € 85,274 / $ 87,900

Short Description

This four bedroom multi unit is a rare find at $87,900..

Key Information

  • Property ID: 41697350
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 74,647 / € 85,274 / $ 87,900

Full Description

This large brick built two apartment multi family home is located on a nice street in
Union – Miles Park which is a great neighbourhood in Cleveland, this area is close to
Mount Pleasant and Slavic Village. It is also just a short walk to John Adams College
And Career Academy, which is one of the best schools in Cleveland.
The property is divided into two large apartments. You have a large two bedroom
apartment downstairs and a large two bedroom apartment upstairs. Both apartments
have just been made rental ready. The management company will place brand new
tenants when the new owner closes on the property. Each apartment should achieve
$750 in rent each month.

Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7
miles from Downtown and 4 miles from University Circle. University Circle has the
highest concentration of cultural attractions and performing arts venues in the whole
of the US. The house is also just a short walk to John Adams College And Career
Academy, which is one of the best schools in Cleveland.

Investment Calculations
Purchase price
$87,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,463
Net annual rental income:
$14,537
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

CAPTCHA Send my request

Related Properties

© 2005-2013 nubricks.com The Overseas Property Blog. All Rights Reserved
Nubricks.com, 24 Jacks Place, Shoreditch London, E1 6NN, United Kingdom