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Property Sales - 41700882 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41700882
City of Cleveland, USA
02 Feb 2024
£ 97,576 / € 111,467 / $ 114,900

Short Description

This four bedroom multi unit is amazing value at $114,900..

Key Information

  • Property ID: 41700882
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 97,576 / € 111,467 / $ 114,900

Full Description

This fantastic large multi-family home is located on a nice street in Corlett and is just 1.5 miles
and four minutes from John Adams College, one of the leading 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. The property has just been
refurbished throughout to a good standard and now has new tenants in place in both
apartments paying $750 in rent each month
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from Downtown
and 5 miles from University Circle. Also just 1 mile away you have Lee Harvard shopping centre.
The property is also just 4 minutes to John Adams College, one of the best schools in Cleveland.

Investment Calculations
Purchase price
$114,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$10,680
Net annual rental income:
$7,320
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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