Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 34102203
Summary Data
| Price | £39,829 |
| 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 huge multi-family home is located in the highly sought after area of Buckeye Shaker and is less than 1 mile from the famous Shaker Square, one of the biggest attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema. 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 $1,050 per month. This property is under management by a great local property management company.
Buckeye Shaker is seen as a very strong investment area in Cleveland, less than one mile away you have the famous Shaker Square. This property is also only 5.7 miles from Downtown and 3 miles from the University Circle which has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Investment Details
Purchase price: 46,900
Gross annual rental income: $12,600
Property running costs: $3,396
(Tax, insurance and management costs)
Net annual rental income: $9,204
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%