Four Bedroom House (ref. 41695261) - 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. 41695261)
Date & Time Listed: 2024-03-04 20:52:49 (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 in a nice street in Union – Miles Park which is a
great neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic Village.
It is also just a few minutes to John Adams College And Career Academy, which is 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 was just
refurbished only a year ago and has all new mechanics, new electrics and all new glass
block windows. Both apartments have good tenants in place each paying $750 in rent
each month. The house is under management with a great local Cleveland property
management company.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7 miles
from Downtown and 4 miles from University Circle. University Circle has the highest
concentration of cultural attractions and performing arts venues in the whole of the US.
The house is also just a short walk to John. Adams College and Career Academy.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,450
Net annual rental income:
$14,550
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 79,900.00 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