Four Bedroom House (ref. 41694992) - 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. 41694992)
Date & Time Listed: 2023-08-31 10:02:17 (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 two apartment multi-family home is located in North Collinwood next to The
Waterloo Art District and right next to the Lakefront and close to the new Amazon
facility. The Waterloo District is known as a bustling area with art studios,
entertainment, restaurants, bars and retail, it is the place to go out on the Eastside of
Cleveland.
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
tenants in place in each apartment paying $650 in rent each month. The current
market rent is closer to $850 for each apartment.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries
and studios. You can hear live music at one of the best venues in the country or
browse an awesome indie music store. The coffee shops roasts all their own beans,
and there are plenty of great places to eat within a five-minute drive.Just ten minutes
to downtown Cleveland, the Lakefront is also just five minutes away.
Investment Calculations
Purchase price
$87,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$3,800
Net annual rental income:
$11,800
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 87,900.00 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