Cleveland, Cuyahoga County, Ohio, USA

This fantastic opportunity to purchase a large brick build residence containing four spacious apartments plus an additional storefront commercial
unit. The property is located in South Broadway which is just 6 miles from Downtown Cleveland. The house is also bordering on Garfield Heights and
is just 1.5 miles from the famous Garfield Heights High School. Garfield Heights is one of the most demanded and prestigious areas in Cleveland
On the first floor the property has four apartments. There are three spacious two bedroom apartments and also a one bedroom apartment. Two of
the two bedroom apartments have been recently updated and have tenants in place, the one bedroom apartment also has tenants in place and the
rental income for all three is currently $2,200 each month. The remaining vacant two bedroom apartment will be supplied by the seller rent ready to
a Section 8 standard. The cosmetic repair costs are included in the price and the work will begin as soon as the new owner closes on the property.
When complete the management company will place a brand new tenant. The current market rate with Section 8 is $850 - $1,100 in rent each
month. The building also has a large storefront commercial unit on the ground floor. This was rented as storage for $750 per month but is now vacant
and available for the new owner to rent. This unit should achieve $1,100 each month.
South Broadway is just 2 miles South 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 property
is just bordering on the famous Garfield Heights, one of the most desirable areas in Cleveland and is just 1.5 miles from Garfield Heights High School.
The property is also right next to The Warner Girls Academy and at the bend of a great street.

Investment Calculations
Purchase price
$229,900
Gross annual rental income:
$52,800
Property running costs:
(Tax, insurance and management costs)
$9,095
Net annual rental income:
$43,705
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 ?

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Global Investments " The straight talking property company. "