Nubricks.com
Property Sales - 41705002 - House in USA, Ohio, Cuyahoga County, City of Cleveland
This large multi-family home is located on a very nice street in South- Collinwood, the house is situated in Nottinghamwhich is the most sought after exclusive part of South Collinwood. Properties in this area rarely come onto the rental marketfor investors and this house will sell within hours not days.The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large twobedroom apartment upstairs, One apartment has a tenant in place paying $700 in rent each month which is below marketrates. The second apartment will be renovated by Global Investments best contractors and will be supplied rent ready to aSection 8 standard. The works will begin as soon as the new owner closes on the property. Included in the works arereplacement sidings at the front of the house which will transform the look of the property. When complete themanagement company will place a brand new tenant. The apartment should achieve $1,000 – $1,250 in rent each monthbased on current Section 8 housing rates.Nottingham in South Collinwood is seen as a very strong investment area in Cleveland, The property is just 2 miles to TheWaterloo Arts District, A funky, indie community, with lots of cool little galleries and studios. You can hear live music at oneof the best venues in the country or browse an awesome indie music store. The coffee shops roasts all their own beans, andthere are plenty of great places to eat within a five-minute drive. just 15 minutes east of Downtown Cleveland.
Return of investment
18%
Break even in
5.5 Years.
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£71,250
Global Investments Incorporated
Date added: 17 Jan 2024
£63,607
Date added: 30 Aug 2023