Two Bedroom Townhouse (Condo) - Mile... for sale in Cleveland, OH

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Two Bedroom Townhouse (Condo) - Miles Landing, Warrensville Heights
Main Photo
Location: Warrensville Heights
New inventory now available.

IMPORTANT LOCAL UPDATE - New Amazon fulfilment Center now confirmed at North Randall Mall. This is less than one mile away and will bring 2,000 brand new, full time jobs to the local area (map in image collection).

We have a consistent supply of these ever popular investment properties that are priced at $35,000. This level of pricing enables a portfolio to be build quickly and for a relatively small amount of money.

The community of 350 properties is located in Warrensville Heights and close to a junction of two major highways. Most tenants are CMHA, being Section 8, or similar local programs.

The attached images are of a furnished property that was staged for advertising purposes only. The properties are sold (and leased) unfurnished and so are unlikely to resemble the internally staged properties.

BULK BUYERS - NOTE: Incentives are available for the purchase of multiple properties on this community in a single transaction.

Rental estimate (2017) $675 / month (varies $650 - $700)** Latest rents much higher)**

Gross Annual Rent $8100

Property Management $ 900

Estimated Property Tax $ 700 (varies $600 - $800)

Estimated HOA* $2,316

Net Operating Income (NOI) $4,094

NOTE HOA/Insurance. HOA does not include casualty insurance and figure above assumes payment of HOA AND a separate casualty insurance policy for the unit. Considerable savings may be made by portfolio investors insuring via a real estate business policy.


We are specialist Developers of distressed real estate assets in NE Ohio. As well as supplying portfolio solutions to HNWI, REIT's and portfolio managers, we help individual investors realise their own real estate goals. All of our properties are supplied fully rehabbed and code compliant with a view to mitigating short and mid-term maintenance costs.

Contact us today for more details about this property and others like it.

All properties are owned by seller.
No part of this communication should be taken as an interpretation or guidance of any local, city, state or international law nor, is it intended to provide accounting or tax advice. Whilst every attempt has been made to provide true and factual information the Company cannot be responsible for thirdparty representations. Any and all financial illustrations made in this communication or on any linked webpage or document are made in good faith and show current, known information. Costs, fees and charges may change in the future and other variable and/or unforeseen costs may occur. Nothing in this communication nor any linked webpage or document should be construed as anything other than indicative information and is not part of any inducement or contractual arrangement between any parties. There are no implied or expressed warranties on any investment information or materials in this email. There is no assurance that the value of the real estate will be sufficient to return any portion of the investors’ original capital, and we do not guarantee the accuracy of any projections herein.

Price: $35,000.00
Gross Annual Rent: $8100
Management (10%): $900
Est Tax: $700
Est Insurance / HOA: $2,316
NOI: $4,094
Property Location
4957 Caroline Drive
Warrensville Heights, OH 44128
View Map
Bedrooms: 2
Bathrooms: 1.5
Parking Spaces: Public
Year Built: 1963
Subdivision: Warrensville Heights
Floors in Bldg: 2
Square Footage: 1116
Tenanted: YES
Tenant Type: CMHA
Updated: 2017
Building Amenities
Guest Parking
childrens play area
Photo Gallery
All information in this site is deemed reliable but is not guaranteed and is subject to change

  • Price: $35,000
  • Bedrooms: 2
  • Bathrooms: 1
  • Square Feet: 1,116

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