Property for sale in City of Cleveland - 41696138 - Advertised on propertyO by Global Investments Incorporated

House for sale


Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41696138

Property description

This fantastic three bedroom house is located on a nice street in Garfield Heights
which is a great neighbourhood in Cleveland, this area is close to Lee Miles and
the property is just a few minutes and just 2 miles from Garfield Park reservation.
There are three large bedrooms, a full basement, a detached garage and a large
rear garden. The property is in a good condition and has a tenant in place paying
$1,000 in rent each month. The market rent its currently closer to $1,250 – $1,300
for this property so should the tenant leave in the future the rent could be
increased. The house is under management with a great local Cleveland property
management company.

Garfield Heights is viewed as a very central location in Cleveland Ohio, it is just 9
miles from Downtown and 6 miles from University Circle which has the highest
concentration of cultural attractions and performing arts venues in the whole of
the US. The property is also just 2.5 miles and 5 minutes from the centre of
Garfield Heights and only 2 miles to Garfield park reservation.

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

8.3 Years.

Contact Global Investments Incorporated about this property

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