Property for sale in City of Cleveland - 29699882 - Advertised on propertyO by Global Investments Incorporated

Townhouse for sale

£27,184

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 29699882


Property description

This huge multi-family home is located on a very nice street in Saint Claire-Superior which is only just 2.8 miles from Downtown Cleveland. The property is divided into two very large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs, both apartments have separate entrances and utilities. The property is in a good condition and it has been very well maintained by the current tenants who are paying $10,800 rent a year. This property is under management by one of the leading Cleveland property management companies.

Saint Claire-Superior is viewed as a very central location in Cleveland Ohio, it is just 2.8 miles from Downtown and 2.7 miles from University Circle which has the highest concentration of cultural attractions and performing arts venues in the whole of the US.

 

Investment Details

Purchase price: $35,900

Gross annual rental income: $10,800

Property running costs: $2,529
(Tax, insurance and management costs)

Net annual rental income: $8,271

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 24%

Contact Global Investments Incorporated about this property

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