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Three Bedroom House (ref. 32161292)
Date & Time Listed: 2018-08-06 19:30:04 (GMT)
This three bedroom house is located in the highly sought after area of North Collingwood right next to the famous Manhattan Beach and only five minutes from the Lakefront. This property is undergoing a complete refurbishment including, new doors, floors, carpets, updated bathroom, updated kitchen, plumbing, electrics, the work will be finished this Friday. The management company has already screened tenants and they will be placing a new tenant at $900 a month, right after the closing. This property is under management by a great local company.
North-Collinwood is seen as a very strong investment area in Cleveland, it is right next to the Waterloo District, Euclid, Bratenahl and the I90 (highway). E 147th Street runs off of Lakeshore Blvd, which is a popular lake front road in Cleveland. Lakeshore is appealing for bus lines, bike trails, and allows access to the beach parks.
Purchase price: 39,900
Gross annual rental income: $10,800
Property running costs: $2,548
(Tax, insurance and management costs)
Net annual rental income: $8,252
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 21%
This property is a Townhouse for sale.
Number of Bedrooms: 3
Number of Bathrooms: 1
Price: 39,900.00 USD
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