This fantastic large three bedroom house is in a great location in Lee Miles. The property is only a three minutes to John F Kennedy High School, which is one of the best high schools in Cleveland, it is also just 2 minutes from the the Lee Harvard Plaza. There are three bedrooms, a full basement , a detached garage and a large garden. The tenants have been are keeping the property in great condition and have no intention of moving and are paying $800 a month. This property is under management by a grea local company.
Lee Miles is a very well kept busy area in the City of Cleveland, less than two minutes away you will find the Lee Harvard Plaza which contains many of leading fast food chains. This area is surrounded by some of the very best neighbourhoods in Cleveland including Shaker Heights and Maple Heights.
• Three bedrooms.
• Full basement
• 1,380 sqft built.
• 6,550 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 41,900
Gross annual rental income: $9,600
Property running costs: $2,120 (Tax, insurance and management costs)
Net annual rental income: $7,480
Investment calculation - Net Income divided by Purchase price = NET ROI.