Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 33797394
Summary Data
| Price | £118,042 |
| Price Type | |
| Bedrooms | 4 - Bed |
| Bathrooms | 4 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This huge multi-family home is located in Saint Clair- Superior just 2.7 miles from Downtown Cleveland and 2.8 miles from the University Circle. Saint Clair-Superior is close to the great lake, borderline lake properties offer lots of potential for future growth. The property is divided into four large one bedroom apartments, all four apartments have been recently updated and all four apartments are tenant occupied, the total rent comes to $42,000 per year.This property is under management by one of the leading Cleveland property management companies.
Saint Clair-Superior is viewed as an up and coming area in Cleveland due to its close proximity to the lake, it is also just 3 miles from Downtown and 2.9 miles from University Circle. The University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Investment Details
Purchase price: 139,000
Gross annual rental income: $42,000
Property running costs: $7,029
(Tax, insurance and management costs)
Net annual rental income: $34,971
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 26%
Building Style
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Style: