Five Bedroom House (ref. 41692451) - Houses for Sale, Real Estate - Number of Bedrooms: 5, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Five Bedroom House (ref. 41692451)
Date & Time Listed: 2023-08-31 10:01:56 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large multi-family home is located in Mount Pleasant and is only seven minutes from
the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland
and 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 three bedroom apartment upstairs. Both apartments
are now vacant and needs some minor cosmetic repairs to be made rental ready. The
works will completed as soon as the new owner closes on the property. The management
company will then place brand new tenants. The two bedroom apartment should achieve
$700 – $750 in rent each month and the three bedroom apartment $800 – $850 in rent
each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, less than 1.4 miles
away you have the famous Shaker Square which is one of the biggest attractions in
Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema.
This property is also only 6.4 miles from Downtown and 3.9 miles from the University
Circle.
Investment Calculations
Purchase price
$73,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,620
Net annual rental income:
$15,580
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 2

Price: 73,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga