PURCHASE OF A 216 M² DUPLEX IN CLEVELAND FOR $65.000-PROFIT: $11.340 = 17,45% Net

THE DESCRIPTION
This large multi-family duplex is located on a beautiful street in the desirable South-Collinwood neighborhood, just five minutes from the lakefront and two minutes from Collingwood High School, one of Cleveland’s finest schools.
The property is divided into two units. It includes a large two-bedroom apartment on the first floor and a large two-bedroom apartment upstairs.
Currently under renovation, once the ongoing updates are complete, tenants will be placed at $1,300 per month.
The home is managed by an excellent local Cleveland property management company.

LOCAL AREA
South-Collinwood is considered a very strong investment area in Cleveland, this area is surrounded by great neighborhoods such as University Heights, Glenville, Richmond Heights and Euclid. The property is only 1.6 miles and 4 minutes from the famous Euclid Avenue where there are many stores, restaurants, chain hotels and the city hall. This is one of the most sought after areas for investors.