Eight bedroom house, City of Cleveland, USA
City of Cleveland, Cuyahoga County, Ohio, USA
Property ID: 41707472
Summary Data
Price | £144,283 |
Price Type | |
Bedrooms | 8 - Bed |
Bathrooms | 4 - Bath |
Plot Size | |
Building Size |
Sector | Residential |
Type | Houses |
Subtype | |
Tenure | |
Completion | |
Parking |
Location Map
Property Description
This fantastic large four apartment multi family home is located in the sought after area of
Glenville, just 3 miles to the centre of University Circle. There are a large number of new build
properties being constructed in this area having a positive impact on nearby real estate.
The large brick built property is split into four spacious two bedroom apartments. Two of the
apartments have tenants in place each paying $600 per month. The current market rent with
Section 8 is $950 – $1,250 each month. The remaining 2 apartments are now vacant and will
be renovated by Global Investments best contractors and supplied rent ready to a Section 8
standard. When complete the management company will place brand new vetted tenants.
Each apartment should achieve $950 – $1,250 in rent each month.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway). The property is extremely well located and is
3 minutes from Rockefeller Park & Greenhouse, 3 minutes from Cultural Garden, 5 minutes
form Gordon Park and 11 minutes from Downtown Cleveland.
Return of investment
23%
Break even in
4.34 Years.