Property for sale in City of Cleveland - 41697215 - Advertised on propertyO by Global Investments Incorporated

House for sale

£82,290

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41697215


Property description

This fantastic two apartment multi family home is located on a nice street in Stockyards on the
Westside of Cleveland, the house is only 5 minutes from Cleveland Metroparks Zoo and food
court which is a lovely family area of Cleveland.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large three bedroom apartment upstairs, Downstairs has a tenant in place
paying $700 in rent each months and upstairs also has tenants in place paying $1,000 in rent
each month. The house is under management with a great local Cleveland property
management company.

Stockyards is located on the Westside and viewed as a very central location in Cleveland
Ohio, it is just 6 miles from Downtown Cleveland and only 2 miles from Detroit Shoreway which
is one of the best areas in Cleveland. The property is also only just 2 miles from the Metro
Health centres main campus. A $946 million transformation plan of an 11-story 264-bed
hospital on its main campus on West 25th Street in Cleveland. A huge project that is
transforming the area.

Investment Calculations
Purchase price
$96,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$4,033
Net annual rental income:
$16,367
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

17%

Break even in

5.8 Years.

Contact Global Investments Incorporated about this property

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