Six Bedroom House (ref. 41691210) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Six Bedroom House (ref. 41691210)
Date & Time Listed: 2023-08-31 10:01:54 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic two apartment multi family home is located on a very nice street in the
sought after area of South-Collinwood, it is just five minutes from the Lakeshore and
less than 1 mile to Collingwood 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 four bedroom apartment upstairs, The property is
vacant and now rental ready.
The management company will place a brand new tenants in both apartments paying
$750 – $800 in the two bed and $850 in the four bed apartment when the new owner
closes on the property.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville,
Richmond Heights and Euclid, The property is less than1 mile to Collinwood High
School one of the best schools in Cleveland. This is one of our most demanded areas
by investors.
Investment Calculations
Purchase price
$82,900
Gross annual rental income:
$19,800
Property running costs:(Tax, insurance and management costs)
$3,980
Net annual rental income:
$15,820
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
20%
Break even in
5 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 2

Price: 82,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga