Property for sale in City of Cleveland - 41700820 - Advertised on propertyO by Global Investments Incorporated

House for sale


Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41700820

Property description

This two bedroom single family home is located on a nice street in Broadway/Slavic
Village which is just 4 miles from Downtown Cleveland. This property is also less than
one mile from the centre of Slavic Village and right on the border of Newburgh
Heights, a very affluent area of Cleveland.
The property has two bedrooms, one bathroom, a full basement and a rear garden.
The property has tenants in place paying $700 in rent each month. The house is under
management with a great local Cleveland property management company.
Broadway/Slavic Village is going through large development projects. This is one of
the most up and coming areas in the City and in huge demand by investors due to
new build properties increasing the value of the properties in the surrounding areas.
The house is also less than half a mile and a short walk from the brand new Amazon
fulfilment centre and latest acquisition of the 1.273-acre site of the former Mound
Elementary School on Mound Avenue at East 55th Street.

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

6.6 Years.

Contact Global Investments Incorporated about this property

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