Medhead.com

41708949 - Buy a House in USA, Ohio, Cuyahoga County, City of Cleveland

  • This property has been added by Global Investments Incorporated
  • For further details contact the advertiser directly using the form at the bottom of the page
  • Tick the tickbox at the bottom of the page for automated alerts when similar new properties are added
  • Opt in to contact from partners offering foreign currency, overseas mortgage, or legal services
<< Back to search results

Five bedroom house

Property Information

Type: House Property ID: 41708949
Location: City of Cleveland, USA Added on: 18 Feb 2025
Price: £100,123

Short Description

This huge multi unit is amazing value at $117,900..

Key Information

  • Property ID: 41708949
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 100,123 / € 114,377 / $ 117,900

Full Description

This large five bedroom multi family home is located on a nice street in the sought after area of
Glenville, just three minutes and one mile from Glenville High School and is only a short distance from
the Lakefront.
The property is split into two large apartments. There is a large 4 bedroom apartment downstairs and a
one bedroom apartment upstairs. Both apartments will be renovated by Global Investments best
contractors and will be supplied rent ready to a Section 8 standard. When complete the management
company will place brand new vetted tenants. The four bed apartment should achieve $1,000 – $1,500
in rent each month and the one bed apartment $600 – $800 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 just 1.3 miles from E105th Street. The up and coming
“ Opportunity Corridor “ and the final phase of a $306 million roadway project. The house is also within
Greater Circle Living (GCL) which is a part of the larger Greater University Circle Initiative,
comprehensive community-building and development strategy for rental and purchase housing options
in Greater University Circle neighbourhood’s.

Investment Calculations
Purchase price
$117,900
Gross annual rental income:
$27,600
Property running costs:(Tax, insurance and management costs)
$4,510
Net annual rental income:
$23,090
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

20%

Break even in

5 Years.

Contact the Advertiser

CAPTCHA

Property Alerts

  • House
  • 5 bedrooms
  • USA
  • City of Cleveland
Note: You can 'widen' the alert by clicking on items in the above list to remove them

Useful Services

Send my request

Related Properties