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Cleveland, Cuyahoga County, Ohio, USA

USD $104,900
Global Investments USA, Manchester
PROPERTY TYPE

Detached

BEDROOMS

4

BATHROOMS

2

SIZE

1,932 sq ft

179 sq m

Key features

  • Four bedrooms
  • Multi unit
  • Fully managed
  • Local staff
  • Garden
  • Great location
  • Good condition

Description

This large multi-family home is located on a very nice street in South- Collinwood, the house is situated in Nottingham
which is the most sought after exclusive part of South Collinwood. Properties in this area rarely come onto the rental market
for investors and this house will sell within hours not days.
The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two
bedroom apartment upstairs, One apartment has a tenant in place paying $700 in rent each month which is below market
rates. The second apartment will be renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. The works will begin as soon as the new owner closes on the property. Included in the works are
replacement sidings at the front of the house which will transform the look of the property. When complete the
management company will place a brand new tenant. The apartment should achieve $1,000 - $1,250 in rent each month
based on current Section 8 housing rates.
Nottingham in South Collinwood is seen as a very strong investment area in Cleveland, The property is just 2 miles to The
Waterloo Arts District, A funky, indie community, with lots of cool little galleries and studios. You can hear live music at one
of the best venues in the country or browse an awesome indie music store. The coffee shops roasts all their own beans, and
there are plenty of great places to eat within a five-minute drive. just 15 minutes east of Downtown Cleveland.

Investment Calculations
Purchase price
$104,900
Gross annual rental income:
$23,400
Property running costs:
(Tax, insurance and management costs)
$4,381
Net annual rental income:
$19,019
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment

18%

Break even in

5.5 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

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Detroit(International)
    99.1 miles
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About the agent

Global Investments USA, Manchester

Reedham House, 31 King Street West, Manchester M3 2PJ

Global Investments USA, Manchester

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

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Notes

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This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference ujhytgfredsnnnnnlopldc) 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.

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