Four bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 34984156
Summary Data
| Price | £41,527 |
| 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 Mount Pleasant and is only eight minutes from the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and 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. The property includes a $4,000 refurbishment to make it rental ready, Private or Section 8 tenants can be placed in this property on completion. The property is managed by a great local management company.
Mount Pleasant is seen as a very strong investment area in Cleveland, less than 9 miles away you have the famous Shaker Square which is one of the biggest attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema. This property is also only 5.9 miles from Downtown and 3.8 miles from the University Circle.
Investment Details
Purchase price: 48,900
Gross annual rental income: $15,600
Property running costs: $2,971
(Tax, insurance and management costs)
Net annual rental income: $12,629
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 26%