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Four Bedroom House (ref. 33578131)
Date & Time Listed: 2018-11-05 13:13:13 (GMT)
This huge multi-family home is located in Mount Pleasant and is only six minutes from the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even has a cinema. The property is divided into two very large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. This property is currently undergoing a complete refurbishment and once the work is completed one of the leading management companies in Cleveland will be placing new tenants, the tenants move in on the 7th of November.
Mount Pleasant is seen as a very strong investment area in Cleveland, less than 1.5 miles away you have the famous Shaker Square which is one of the biggest attractions in Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema. This property is also only 7 miles from Downtown and 4 miles from the University Circle.
Purchase price: 52,900
Gross annual rental income: $14,700
Property running costs: $3,070
(Tax, insurance and management costs)
Net annual rental income: $11,630
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 52,900.00 USD
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