LA DESCRIPTION
This large three-bedroom single-family home is located on a very beautiful street in the North-Collinwood neighborhood, right next to Manhattan's famous beach and minutes from the lakeside. The house is also just 1.4 miles and 4 minutes from Collingwood High School, one of the best schools in Cleveland.
The property comprises three spacious bedrooms, a bathroom, a large living room, a full basement and a beautiful garden. The property has $8000 included in the price for some cosmetic repairs to put the house to a good rental standard ready. The management company will place the new tenants when the new owner buys the property. The rent is expected to reach $900 to $1,000 per month. The house is in a great place, right next to the Waterloo Arts District. The house would be a great choice through Air B&B and would easily reach $80 per day.
LOCAL AREA
North-Collinwood is considered a strong investment area in Cleveland, the city is investing millions in the redevelopment of the neighborhood. In addition, Alan Glazen, a retired advertiser, is the driving force behind the "Light Switch" project. Alan wants to make North Collinwood Cleveland's premier music and entertainment district, with concert halls, music stores, restaurants, bars, a petanque court and hopefully boutique hotels. The potential for capital growth in the coming years for North Collinwood is very high.