Property for sale in City of Cleveland - 41696094 - Advertised on propertyO by Global Investments Incorporated

House for sale


Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696094

Property description

This large multi-family home is located in Mount Pleasant and is right next to Shaker Heights.
The house is also just 2 miles from the famous Shaker Heights High School. Shaker Heights
is one of the most demanded and prestigious areas 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 house has a tenant in place in
one apartment paying $500 in rent each month, the market rent is $750. The second
apartment has just been vacated and included in the price are some cosmetic repairs
needed to update the apartment and make it rental ready. The works will begin as soon as
the new owner closes own the property, when complete the management company will
place brand new tenants. The apartment should achieve $750 in rent each month..

Mount Pleasant is seen as a very strong investment area in Cleveland, just 2 miles away you
Shaker Square which is one of the biggest attractions in Cleveland. The house is also just
bordering on the famous Shaker Heights, one of the most desirable areas in Cleveland. The
house is just 2 miles from Shaker Heights High School.

Investment Calculations
Purchase price
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment


Break even in

6.25 Years

Contact Global Investments Incorporated about this property

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