Four Bedroom House (ref. 41708056) - 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. 41708056)
Date & Time Listed: 2024-12-02 10:07:14 (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 large multi-family home is located in Union – Miles Park which is a great neighbourhood in
Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also just a few minutes to
John Adams College And Career Academy, which is 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 property will be renovated by
Global Investments best contractors and will be supplied rent ready to a Section 8 standard,
The works will begin when the new owner closes on the property. When complete the
management company will place brand new vetted tenants. Each apartment should achieve
$950 – $1,300 in rent each month with Section 8 housing.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7.5 miles
from Downtown and 5 miles from University Circle. University Circle has the highest
concentration of cultural attractions and performing arts venues in the whole of the US. The
house is also just half a mile to John. Adams College and Career Academy.
Investment Calculations
Purchase price
$107,900
Gross annual rental income:
$26,400
Property running costs:(Tax, insurance and management costs)
$4,368
Net annual rental income:
$22,032
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 107,900.00 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