Property for sale in City of Cleveland - 41701480 - Advertised on propertyO by Global Investments Incorporated

House for sale


Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41701480

Property description

This large multi-family home is located on a nice street in Corlett and is less than one
mile and just three minutes and less than one mile from John Adams College, one of the
leading schools 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. Both apartments
have just been made rental ready. The management company will place brand new
tenants when the new owner closes on the property. Each apartment should achieve
$650 – $750 in rent each month. The management company already have applications
in process.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7.7 miles from
Downtown and 5.8 miles from University Circle. Also just 1.4 miles away you have Lee
Harvard shopping centre. The property is also just 3 minutes to John Adams College,
one of thing schools in Cleveland.


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

5.26 Years

Contact Global Investments Incorporated about this property

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