PURCHASE OF 200m² DUPLEX IN CLEVELAND FOR $74.000 – PROFIT: $11.390 = 15,39% Net

THE DESCRIPTION
This large, two-unit, multi-family duplex is located on a very nice street in the desirable Forest Hills neighborhood, near the shores of Lake Erie and just a three-minute drive from Glenville High School, one of Cleveland’s top schools.

It is currently rented with tenants in place whose rent is $1,300 per month.
The house is managed by an excellent local Cleveland property management company.

LOCAL AREA
Forest Hills is considered a very strong investment area in Cleveland, it is close to Waterloo District, Euclid, Bratenahl and I90 (freeway) Lakeshore is attractive for bus routes and bike paths. The house is within walking distance of Forest Hills Park, a historic urban park that was part of John D. Rockefeller’s estate. The 248-acre (1.00 km2) park has six baseball diamonds (four lighted), six lighted tennis courts, and three walking trails that have preserved natural green spaces.