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. 40245862)
Date & Time Listed: 2020-05-11 11:07:07 (GMT)
This large two apartment multi-family home is located in the sought after area of Glenville, just four minutes from Glenville High School which is one of the best schools in Cleveland. The property is divided into two large two bedroom apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. Both apartments have very good tenants in place keeping the property in great condition each paying $500 in rent each month. The furnaces for both units are only 2 years old and also both apartments have brand new hot water tanks. This is a fantastic turn key investment.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines, bike trails, and allows access to the beach parks in the neighbourhoods on the Northside. It is also just 4.8 miles from Downtown and just 1.8 miles from the University Circle.
Purchase price: 49,900
Gross annual rental income: $12,000
Property running costs: $2,372
(Tax, insurance and management costs)
Net annual rental income: $9,628
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%
Break even in 5 Years
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 49,900.00 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