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House for sale

£66,155

Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41702619

Property description

This fantastic two apartment multi family home is located on a very nice street in the
sought after area of South-Collinwood, it is just five minutes from the Lakeshore and just
a short walk to Collingwood High School, one of the best 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. The property also
has tenants in place in both apartments paying $600 in rent each month. The market
rent is closer to $800 in rent each month.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, Richmond
Heights and Euclid, The property is less than 1 mile to Collinwood High School one of the
best schools in Cleveland. This is one of our most demanded areas by investors

Investment Calculations

Purchase price

$77,900

Gross annual rental income:

$14,400

Property running costs:(Tax, insurance and management costs)

$3,090

Net annual rental income:

$11,310

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

15%