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Six Bedroom Home (ref. 41699019)
Date & Time Listed: 2023-11-20 10:35:06 (GMT)
This large multi-family home is located in the sought after area of Glenville, just four
minutes from Glenville High School which is one of the best schools in Cleveland..
The property is divided into two large apartments. You have a large three bedroom
apartment downstairs and a large three bedroom apartment upstairs. The property also
has tenants in place in both apartments paying $650 in rent each month. The market
rent is closer to $850 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 also very well
positioned directly opposite the Cleveland Lakefront Nature Preserve. 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.
Gross annual rental income:
Property running costs:(Tax, insurance and management costs)
Net annual rental income:
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
Break even in
Number of Bedrooms: 6
Number of Bathrooms: 2
Price: 77,900.00 USD
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