This fantastic four bedroom single family home is located in Euclid Green right next to South Collinwood, just a short distance from the Lakefront. It is also only a five minute walk to Euclid Park School. The property is very spacious with 4 large bedrooms on a large 5,016 soft plot. The property has just been refurbished throughout including new kitchen and bathroom, new hot water tank and also a brand new furnace. The house also has had a new roof. The management company will place brand new tenants paying $850 in rent each month when the new owner closes on the property.
Euclid Green is seen as a very strong investment area in Cleveland, this area is surrounded by some great neighbourhoods like University Heights, Glenville, Richmond Heights and South Collinwood, this property is only 2 miles and 6 minutes from Euclid Creek Reservation, a beautiful nature trail full of natural wildlife, picnic areas and stunning scenery. A great family area that is close to the city and yet nature is all around you
• Four bedrooms.
• Full basement
• 1,514 sqft built.
• 5,016 sqft lot.
• Fully managed.
• Local staff
Purchase price: 45,900
Gross annual rental income: $10,200
Property running costs: $1,870 (Tax, insurance and management costs)
Net annual rental income: $8,330
Investment calculation - Net Income divided by Purchase price = NET ROI.