PURCHASE OF A 183 m² HOUSE IN CLEVELAND FOR $74.000-PROFIT: $9.930 = 13,42% NET

THE DESCRIPTION
This large four bedroom single family home is located on a beautiful street in the desirable Forest Hills neighborhood near the shores of Lake Erie, and only two minutes from Glenville High School, one of Cleveland’s finest schools.

The property features four bedrooms, one full bath, kitchen, living room, dining room, basement and detached garage.
Currently under renovation, once the ongoing updates are complete, tenants will be placed with a rent of $1.100 per month.
The home 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 the Waterloo neighborhood, Euclid, Bratenahl and I90 (freeway). Lakeshore is attractive for bus routes and bike paths. The home is within walking distance of Forest Hills Park, a historic city park that was part of the John D. Rockefeller estate. This 248-acre (1.00 km2) park has six baseball fields (four of which are lighted), six lighted tennis courts, and three walking trails that have preserved the natural green space.