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. 41581423)
Date & Time Listed: 2021-04-05 10:39:51 (GMT)
This large Four bedroom, two apartment multi family home is located on a nice street in Forest Hills close to the shores of Lake Erie and is only a five minute drive from Glenville High School, one of the best schools in Cleveland. 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 completely refurbished throughout to a great Section 8 standard. The work includes all new windows, and also a new hot water tank and furnace. The management company will place brand new tenants when the new owner closes on the property paying $600 – $650 each in rent per month. The rent is paid direct to the landlord via the US Government.
Forest Hills 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 and bike trails. The house is walking distance to Forest Hills Park, a historic urban park that was a portion of John D. Rockefeller’s estate. The 248-acre (1.00 km2) park has six baseball diamonds (four lit), six lit tennis courts and three walking trails that have retained the natural green space.
Purchase price: 74,900
Gross annual rental income: $15,600
Property running costs: $2,953
(Tax, insurance and management costs)
Net annual rental income: $12,647
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 17%
Break even in 5.8 Years
This property is a Townhouse for sale.
Number of Bedrooms: 4
Number of Bathrooms: 2
Price: 74,900.00 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