Cleveland, Cuyahoga County, Ohio, USA
USD $56,700
- PROPERTY TYPE
Detached
- BEDROOMS
4
- BATHROOMS
6
- SIZE
5,982 sq ft
556 sq m
Key features
- Six bedrooms
- Tenanted
- Fully managed
- Local staff
- Multi unit
- Great location
- Good condition
- Retail space
Description
Incredible opportunity in a great location in Cleveland! This large brick building has over 5,900 sqft in total. The property offers 2 retail storefronts
and 6 apartments! One of the storefronts is vacant and the other is renting for $300 per month and has been rented out for 10 years! The vacant
storefront is perfect for retail space such as a vape shop or cell phone business!
The building also has six fully rented residential apartments. 4 units are 1 bed apartments each rented for $650 each month, 2 tenants are private
and 2 tenants are EDEN. There are also 2 remaining 2 bedroom apartments, one rented privately for $750 each month and the other Section 8 for
$800 each month.
The electrical has been updated, completely rewired with a hardwired smoke detector and CO detector! There are new breaker panels in all units.
The windows have been updated as well. There are separate furnaces, electrical panels and hot water tanks for each unit and also rear parking.
Laundry hookups are on site, but laundry is not currently being provided. All lead reports are complete and available also whcih is a major benefit in
Cleveland right now, This is a fantastic turn key investment opportunity with finance akso available for non US residents.
Buckeye Shaker is seen as a very strong investment area in Cleveland, just 1 mile away you have the famous Shaker Square. The house is also just 1.4
miles to Larchmere Blvd which is host to a multitude of many quality cafe's, restaurants, beauty salons, fashion shops and many small businesses.
This building is extremely well located. This property sits right on Buckeye Road, a major commercial corridor surrounded by shops, restaurants, and
daily foot traffic. It's directly across the street from Huntington Bank, a restaurant, and several retail stores, making it a highly visible and desirable
location for both residential and commercial tenants.
Investment Calculations
Purchase price
$399,900
Gross annual rental income:
$56,700
Property running costs:
(Tax, insurance and management costs)
$38,940
Net annual rental income:
$17,760
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
12%
Break even in
8.3 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. "
and 6 apartments! One of the storefronts is vacant and the other is renting for $300 per month and has been rented out for 10 years! The vacant
storefront is perfect for retail space such as a vape shop or cell phone business!
The building also has six fully rented residential apartments. 4 units are 1 bed apartments each rented for $650 each month, 2 tenants are private
and 2 tenants are EDEN. There are also 2 remaining 2 bedroom apartments, one rented privately for $750 each month and the other Section 8 for
$800 each month.
The electrical has been updated, completely rewired with a hardwired smoke detector and CO detector! There are new breaker panels in all units.
The windows have been updated as well. There are separate furnaces, electrical panels and hot water tanks for each unit and also rear parking.
Laundry hookups are on site, but laundry is not currently being provided. All lead reports are complete and available also whcih is a major benefit in
Cleveland right now, This is a fantastic turn key investment opportunity with finance akso available for non US residents.
Buckeye Shaker is seen as a very strong investment area in Cleveland, just 1 mile away you have the famous Shaker Square. The house is also just 1.4
miles to Larchmere Blvd which is host to a multitude of many quality cafe's, restaurants, beauty salons, fashion shops and many small businesses.
This building is extremely well located. This property sits right on Buckeye Road, a major commercial corridor surrounded by shops, restaurants, and
daily foot traffic. It's directly across the street from Huntington Bank, a restaurant, and several retail stores, making it a highly visible and desirable
location for both residential and commercial tenants.
Investment Calculations
Purchase price
$399,900
Gross annual rental income:
$56,700
Property running costs:
(Tax, insurance and management costs)
$38,940
Net annual rental income:
$17,760
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
12%
Break even in
8.3 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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Distances are straight line measurements- Detroit(International)99.1 miles
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Notes
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This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference lmnbvcdferylkoids) 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.