Four Bedroom House (ref. 41645568) - 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. 41645568)
Date & Time Listed: 2023-08-31 10:00:41 (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 on a very nice street in Woodland Hills less than
five minutes from the famous Shaker Square, one of the biggest attractions in Cleveland.
Shaker Square 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
recently been updated including brand new siding and windows throughout. Both
apartments will be supplied by the seller rental ready to a Section 8 standard. The
management company will place brand new tenants when the new owner closes on the
property paying $800 – $850 in rent each month.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 4.7 miles
from Downtown Cleveland, just 2.6 miles from the University Circle & only 1.5 miles from
Shaker square. This house is very well situated, only 7 minutes from Cleveland Clinic, 2
minutes from Cleveland Clinics children hospital and five minutes from Larchmere
Boulevard.
Investment Calculation
Purchase price: 91,900
Gross annual rental income: $20,400
Property running costs: $4,140
(Tax, insurance and management costs)
Net annual rental income: $16,260
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 91,900.00 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