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Four Bedroom (ref. 32266875)
Date & Time Listed: 2018-08-09 12:15:39 (GMT)
This huge multi-family home is located on a very nice street in Corlett, just .8 miles from John Adams College. The property is divided into two very large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. The property has just been made rental ready and two new tenants will be moving into the property in the next few days, the total rent is $13,200 per year, this property is under management by a great local company.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7.3 miles from Downtown and 5.4 miles from University Circle which has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Purchase price: 49,900
Gross annual rental income: $13,200
Property running costs: $3,094
(Tax, insurance and management costs)
Net annual rental income: $10,106
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 21%
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 49,900.00 USD
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