Cleveland, Cuyahoga County, Ohio, USA
- PROPERTY TYPE
Detached
- BEDROOMS
10
- BATHROOMS
5
- SIZE
3,446 sq ft
320 sq m
Key features
- Ten bedrooms
- Tenanted
- Fully managed
- Local staff
- Garden
- Great location
- Good condition
- Multi unit
Description
suburb of Hough. Hough is a very demanded area in Cleveland due to its close proximity to the University Circle, and also the centre of downtown
Cleveland.
6808 Whitney Avenue is a large two apartment multi family home. There are tenants in place in each apartment. The apartment downstairs is
paying $700 in rent each month and the apartment upstairs is paying $650 in rent each month. The seller would consider selling this property
separately for $74,900
6812 Whitney Avenue is a large three apartment multi family home. Two apartments have tenants in place each paying $550 in rent each month.
The third apartment is vacant. The management company will place a brand new tenant when the new owner closes on the property. The apartment
should achieve $750 in rent each month. $750 is the current market rent so should any tenant leave the rent could be increased. The seller would
consider selling this property separately for $89,900.
Hough is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway It is also just 2
miles from the University Circle. The 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; Severance Hall, Cleveland Institute of Art, plus many more. The two houses are also just 2.5 miles from
Cleveland State University in Downtown Cleveland, an 85 acre campus offering more than 200 undergraduate and graduate programs to over 11,000
students.
Investment Calculations
Purchase price
$155,900
Gross annual rental income:
$38,400
Property running costs:
(Tax, insurance and management costs)
$6,552
Net annual rental income:
$31,848
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years
Let GLOBAL help you with your real estate Investments. We are here to help you build your real estate portfolios, and can customise a purchase plan for your wealth building future! Global Investments provides our clients with excellent strategies for real estate investing, home ownership and wealth building. Understanding the market is the key to success. The market has changed so vastly in the past two years, it takes knowledge to navigate the current local markets and get the best deals.
For the real estate investor, this is the time to take advantage of the market, build portfolios, and create passive real estate income, all leading to future wealth. It can be difficult for new real estate investors to learn to navigate around all of the areas we sell in. Online public information directories, website listing companies etc, all can be very daunting, that is what we are here for.
We specialise in selling single family and multi tenanted homes in all States in the US. We have exclusive agreements with the biggest Asset Management Companies and Banks in the US bringing you the best investments at the best prices with no hidden gimmicks.
Just straight talking advice.
We pride ourselves on the level of service that we give before and after the sale, giving you a 24/7 hands on service which is unrivalled in the industry.
Our biggest business is repeat business and referral.
What we offer?
1.US and Uk offices.
2. Highest ROI in the marketplace
3. On the ground management.
4. Professionally managed by our US staff.
5. Safe and secure locations.
6. Renovation team on the ground.
7. Investment renovation packages
8. 24/7 after sales on hand every day.
9. Award winning Brokers
10. 5 star reviews.
11. Bulk purchases
12. LLC set up.
13. Home Warranty.
14. Landlord Insurance
If you're looking for great properties to purchase with excellent on-the-ground local property management then check out our current inventory, and contact us with any questions ?
Welcome to Global "We are always here to help."
Global Investments " The straight talking property company. "
Cleveland, Cuyahoga County, Ohio, USA
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About the agent
Global Investments USA, Manchester
Reedham House, 31 King Street West, Manchester M3 2PJ
At Global, our dynamic team of investment specialists will give you the best and most professional advice, without forgetting the personal touch. We can deliver the best prices and yields in every market we operate in, we have our finger on the pulse.
With our US property investments our broad network of agents covers every State in the USA. We are currently one of the market leaders as our Agents have their ears to the ground delivering the best priced properties the second they hit th
Notes
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