Four Bedroom House (ref. 41697818) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41697818)
Date & Time Listed: 2024-03-04 20:55:20 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic two apartment multi family home is located on a very nice street in the sought after
area of South-Collinwood, it is just five minutes from the Lakeshore and less than 1 mile to
Collingwood High School, one of the best schools in Cleveland.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs, The apartment upstairs has a tenant in
place paying $650 in rent each month, The current market rent is $750 – $850 each month. The
apartment downstairs needs some minor cosmetic repairs to be made rental ready to a Section 8
standard. The funds are included in the price and the works will begin as soon as the new owner
closes on the property. When complete the management company will place a brand new tenant.
The apartment should achieve $750 – $850 in rent each month.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded by
some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid, The
property is just 1 mile to Collinwood High School one of the best schools in Cleveland. This is one of
our most demanded areas by investors
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,100
Net annual rental income:
$14,900
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
18%
Break even in
5.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 84,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga