[$80K-$85K] Invest in Cleveland in the United States – Duplex real estate – hight cap rate

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Discover the area:

COLLINWOOD

This beautiful two unit duplex is located just 15 minutes east of downtown Cleveland in the Collinwood neighborhood. It’s called the Artist’s Quarter because it’s an entertainment-filled neighborhood surrounded by great neighborhoods, such as University Heights, Glenville, Manhattan Beach, and Euclid.

This new district has been gaining popularity for several years. Indeed, Collinwood is known for the Summer E 185th Street Festival and the Waterloo Art Festival, which take place every year in June but also the Collinwood district was the setting for the 2002 film “Welcome to Collinwood” with George Clooney and William H Macy’s.

The property is 15 minutes from University Circle, which has the largest concentration of cultural attractions and performance venues in the United States.

Collinwood was identified as one of America’s Top Secret Areas by Travel + Leisure in 2008.

The property is located less than 30 minutes by car from the main Cleveland hotspots (downtown, international airport, Cleveland-clinic economic center of the city, universities, restaurants, museums, 3 stadiums: NBA – American football – Baseball…, the Metroparks Zoo)

Numbers:

 

Gross income:	$15,600.00	Management:	$1,248.00
Net income:	$11,902.00	Property taxes:	$850.00

 

1st unit : $650.00 / month ( 2 bedrooms – 1 bathroom)

2nd unit : $650.00 / month ( 2 bedrooms- 1 bathroom)

 

Ca rate>19%

 

Know the price!

Work completed:

Our objective is to optimize the profitability of our clients by offering turnkey investment products, including renovations and tenant installation.

We take care of everything, from the creation of the LLC, to the closing of the property purchased, then the rental management to ensure the proper functioning of your property.

Book your free telephone consultation !