Four Bedroom House (ref. 41689729) - 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. 41689729)
Date & Time Listed: 2024-03-04 20:48:56 (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 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 only a short walk
and less than a 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 two bedroom apartment upstairs, The property has
tenants in place in both apartments and the total monthly rental income is $1,000
The average rent for this location is much higher so should either tenant leave the rent
could be increased.
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 than 1 mile to Collinwood High School and just 2
miles to the Famous Shoreby Club and the neighbouring community Bratenahl. Bratenahl
one of the most exclusive residential areas in Cleveland where properties can sell in the
Millions.
Investment Calculations
Purchase price
$55,900
Gross annual rental income:
$12,000
Property running costs:(Tax, insurance and management costs)
$2,845
Net annual rental income:
$9,155
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
17%
Break even in
5.8 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 55,900.00 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