Property for sale in City of Cleveland - 30899455 - Advertised on propertyO by Global Investments Incorporated

Townhouse for sale

£24,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 30899455


Property description

This large three bedroom colonial house is located on a nice street in South Broadway which is just 6.6 miles from Downtown Cleveland There are three large bedrooms, a full basement, detached garage and a large rear garden. This property comes tenant occupied, the tenants have been in the property for two years now and are paying $700 rent a month . This property is under management by one of the leading Cleveland property management companies.

South Broadway is viewed as a very central location in Cleveland Ohio, it is just 6.6 miles miles from Downtown and 5.9 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US, such as the Cleveland Museum of Art; Severance Hall, Cleveland Institute of Art; Case Western Reserve University, plus many more.

 

Investment Details

Purchase price: $31,900

Gross annual rental income: $8,400

Property running costs: $2,140
(Tax, insurance and management costs)

Net annual rental income: $6,260

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

Return on investment: 20%

Contact Global Investments Incorporated about this property

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