Description

This fantastic opportunity to purchase two large houses sitting side by side / connected located in the sought after area of Glenville, just three minutes from Glenville High School which is one of the best schools in Cleveland.

You have a large three bedroom house and a large four bedroom house connected and sitting side by side. The property also has tenants in place in both houses. Unit 1 ( 4 bed ) is paying $775 in rent each month and unit 2 ( 3 bed ) is paying $700 inn rent each month. The market rent is closer to $950 - $1,250 with Section 8 housing. Included in the price is a Seller's Rental Contribution of $12,300 which equates to $1,025 for 12 months ( both properties ) which gives the new owner the current market rent for the first year, This will be credited to the buyer on closing. Included in the price also is a brand new roof.

Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway). The property is also very well positioned near to the Cleveland Lakefront Nature Preserve. The house is also within Greater Circle Living (GCL) which is a part of the larger Greater University Circle Initiative, a comprehensive community-building and development strategy for rental and purchase housing options in Greater University Circle neighbourhood.

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