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Townhouse

Full Description

This large multi-family home is located in Garden Valley close to Woodland Hills and North Broadway. 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 tenanted occupied, the lower tenants are Section 8 and the upper tenants are private. This property comes with new plumbing and new electrical’s and it has a new roof and new siding, this property is under management by a great local property management company.

Garden Valley is viewed as a very central location in Cleveland Ohio, it is just 3.6 miles miles from Downtown and 4.8 miles from University Circle. University Circle has the highest concentration of cultural attractions and performing arts venues in the whole of the US, such as the Cleveland Museum of Art.

Investment Details

Purchase price: $58,500

Gross annual rental income: $15,300

Property running costs: $2,897
(Tax, insurance and management costs)

Net annual rental income: $12,403

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 22%

Key Information

Property ID: 31882449
Location: USA, Ohio, Cuyahoga County, City of Cleveland
Categories:
  • House
  • Townhouse
Bedrooms: 4
Bathrooms: 2
Price:
  • £44,837
  • €50,130
  • $58,500
Short Description:

This large four bedroom house is amazing value at $58,500...