Five Bedroom House (ref. 41633877) - Houses for Sale, Real Estate - Number of Bedrooms: 5, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

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Five Bedroom House (ref. 41633877)
Date & Time Listed: 2023-08-31 10:00:11 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large three apartment multi-family three apartment home is located on a nice
street in East Cleveland only a short walk to Shaw High School and only 5 minutes
from Glenville High School, which is one of the best schools in Cleveland.
The property is divided into three spacious apartments, you have a large two
bedroom apartment downstairs, a two bedroom apartment upstairs and a further
1 bedroom attic apartment. All three apartments are occupied and the total
monthly rental income is $2,050 each month.
This property is under management by a great local property management
company.
East Cleveland is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville,
South Collinwood Richmond Heights and Euclid, this property is only 7.9 miles
from Downtown, 3.2 miles from University circle & only 0.3 miles from Shaw High
School.
Investment Calculation
Purchase price: 88,900
Gross annual rental income: $24,600
Property running costs: $3,842
(Tax, insurance and management costs)
Net annual rental income: $20,758
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 24%
Break even in 4.16 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 3

Price: 88,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga