
House for sale
£110,314
Ohio, Cuyahoga County, City of Cleveland, USA Property ID: 41709179
Property description
This large two apartment multi family home is located on a nice street in Old Brooklyn on the Westside
of Cleveland, Old Brooklyn is a very desirable area in Cleveland where new construction single family
homes fetch over $400,000. The house is just 1 mile from Cleveland Metroparks Zoo and food court.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs, One apartment upstairs has a tenant in place
paying $650 in rent each month, The current market rent can reach up to $1,500 with Section 8
housing. The 2nd apartment will be renovated by Global Investments best contractors and will be
supplied rent ready to a Section 8 standard. The works will begin after the new owner closes on the
property. When complete the management company will place a brand new vetted tenants. The
apartment should achieve $1,100 – $1,500 in rent each month.
Old Brooklyn is located on the Westside and viewed as a very central location in Cleveland Ohio, it is
just 7 miles from Downtown Cleveland and only 4 miles from Detroit Shoreway which is one of the best
areas in Cleveland. The property is also only 1 mile from Cleveland Metroparks Zoo and food court
which is a lovely family area of Cleveland.
Return of investment
16%
Break even in
6.25 Years.