Four Bedroom House (ref. 41691110) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41691110)
Date & Time Listed: 2023-02-23 10:09:44 (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 very nice two apartment multi family home is located on a nice street in
Corlett and is just one mile to John Adams College, one of the leading 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.Both
apartments are now vacant and will be supplied by the seller rental ready. The
management company will place brand new tenants when the new owner closes
on the property. Each apartment should achieve $750 in rent each month.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 8 miles
from Downtown and 5 miles from University Circle. Also just 1.5 miles away you
have Lee Harvard shopping centre. The property is also just one mile to John
Adams College, one of the best schools in Cleveland..
Investment Calculations
Purchase price
$74,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$4,242
Net annual rental income:
$13,758
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 74,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga