Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 32520989
Summary Data
| Price | £44,075 |
| Price Type | |
| Bedrooms | 4 - Bed |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large multi-family home is located in Euclid Green right next to South Collinwood and only a short distance from the Lakefront. It is also just 10 minutes from the famous Euclid Avenue where you will find many shops, restaurants, hotel chains, the town hall etc this is one of our most demanded areas by investors. This property was full rehabbed and sold in 2015 for $75,300 The property is divided into two very large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. Both apartments are tenant occupied and the rent is $1,100 per month.This property is under management by a great local property management company.
Euclid Green is viewed as a very central location in Cleveland Ohio, it is less than 10 miles from Downtown and 4 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US
Investment Details
Purchase price: 51,900
Gross annual rental income: $13,200
Property running costs: $2,763
(Tax, insurance and management costs)
Net annual rental income: $10,437
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 21%