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Four Bedroom House (ref. 40080794)
Date & Time Listed: 2020-03-12 11:05:18 (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 Buckeye Shaker and is only five 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 large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. The property has just been refurbished and made rental ready. The management company will place brand new tenants when the new owner closes on the property paying $550 – $600 in rent each month.,
Buckeye Shaker is seen as a very strong investment area in Cleveland, just 1.2 miles away you have the famous Shaker Square. This property is also only 5.5 miles from Downtown and 2.7 miles from the University Circle which has the highest concentration of cultural attractions and performing arts venues in the whole of the US.
Investment Details
Purchase price: 59,900
Gross annual rental income: $14,400
Property running costs: $3,090
(Tax, insurance and management costs)
Net annual rental income: $11,310
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 21%
Break even in 4.76 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 59,900.00 USD




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