This large three apartment multi-family home is located in Mount Pleasant and is only 1.6 miles from the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even has a cinema. The property is divided into three apartments and all three apartments are occupied, you have two large two bedroom apartments and one large one bedroom apartment in the attic. The house is under management with a great local Cleveland property management company. Mount Pleasant is seen as a very strong investment area in Cleveland, just 1.6 miles away you have the famous Shaker Square which is one of the biggest attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema. This property is also only 7 miles from Downtown and 4 miles from the University Circle. Investment Calculations Purchase price $89,900 Gross annual rental income: $22,800 Property running costs:(Tax, insurance and management costs) $3,738 Net annual rental income: $19,062 Investment calculation - Net Income divided by Purchase price = NET ROI. Return of investment 22% Break even in 4,54 Years. This property is a House for sale.
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