Cleveland, Cuyahoga County, Ohio, USA
- PROPERTY TYPE
Detached
- BEDROOMS
6
- BATHROOMS
3
- SIZE
2,880 sq ft
268 sq m
Key features
- Six bedrooms
- Tenanted
- Fully managed
- Local staff
- Garden
- Great location
- Good condition
- Multi unit
Description
Cleveland. This property is also less than one mile from the centre of Slavic Village and right on the border of Newburgh Heights, a very
affluent area of Cleveland.
The property is split into three individual apartments.There are two spacious one bedroom apartments on the ground floor and one large
four bedroom apartment on the first floor. Included in the price is $25,000 for cosmetic repairs to complete the rehab and make all three
apartments rental ready. The works will begin as soon as the new owner closes on the property, when complete the management company
will place brand new vetted tenants. The one bedroom apartments should achieve $550 - $600 in rent each month and the four bedroom
apartment should achieve $1,100 in rent each month. There is also 1 months rental guarantee included in the price to give the new owner
an immediate rental income while the works are being completed.
Broadway/Slavic Village is viewed as a very central location in Cleveland Ohio, it is just 5 miles from Downtown and 6.7 miles from
University Circle. The property is also just less than one mile from the centre of Slavic Village which is going through large development
projects. This is one of the most up and coming areas in the City and in huge demand by investors due to new build properties increasing
the value of the properties in the surrounding areas. The house is also just 1.3 miles from the brand new Amazon fulfilment centre and latest
acquisition of the 1.273-acre site of the former Mound Elementary School on Mound Avenue at East 55th Street.
Investment Calculations
Purchase price
$121,900
Gross annual rental income:
$27,600
Property running costs:
(Tax, insurance and management costs)
$5,383
Net annual rental income:
$22,217
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 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
This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference kmnhbvrtesazx) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.