Welcome to Kugli.com!
New to Kugli.com?
* Create Member Account!
Already a Member?
* North Delhi
* Gautam Buddha Nagar
* United States
* New York
* Los Angeles
* New York City
* Kuwait City
* Al Ahmadi
* Abu Halifa
Four Bedroom House (ref. 40080790)
Date & Time Listed: 2020-03-09 10:29:16 (GMT)
This large multi-family home is located in Shaker Heights and is less than a mile from the famous Shaker Heights High School. Shaker Heights is one of the most demanded and prestigious areas in Cleveland. The property is divided into two very large two bedroom apartments, The property has been recently updated inside and already has two tenants in place each paying $750 in rent each month. The rent could very easily be increased for this location should the new owner decide in the future. The property is managed by a great local management company.
Shaker Heights is seen as a very strong investment area in Cleveland, less than 1 mile away you have the famous Shaker Heights High School which is one of the best schools in Cleveland. The property is also just 1.5 miles from Shaker Square, 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 7.1 miles from Downtown and 4.4 miles from the University Circle.
Purchase price: 119,900
Gross annual rental income: $18,000
Property running costs: $5,700
(Tax, insurance and management costs)
Net annual rental income: $12,300
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 11%
Break even in 9 Years
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 119,900.00 USD
More Ads Posted by Member
Contact Ad Poster by E-Mail
* Deal Locally with persons you can meet face to face - this is the most important tip!
* Avoid Sending Funds with Western Union, Moneygram or and other similar service
* Kugli.com is not an Escrow service, we are not involved in any transaction between our members.
* Cuyahoga - Real Estate Classified Ads
* Ohio, United States - Real Estate Classified Ads
* United States - Real Estate Classified Ads
* Cuyahoga - Houses for Sale Classified Ads
* Ohio, United States - Houses for Sale Classified Ads
* United States - Houses for Sale Classified Ads