Four Bedroom House (ref. 41695921) - 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. 41695921)
Date & Time Listed: 2024-03-04 20:53:34 (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 fantastic two apartment multi family home is located on a nice street in GoodrichKirkland which is just 2 miles and walking distance to Downtown Cleveland. Properties
close to the City rarely come onto the market at the right price as there is huge potential
for future capital appreciation.
The property is split into two apartments. You have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The property has recently been
updated throughout and is now rental ready. The management company can place
brand new tenants when the new owner closes on the property. Each apartment should
achieve $750 – $850 in rent each month. Due to this properties fantastic location and Air
B&B option would also be a very good possibility.
Goodrich-Kirkland Park is an extremely well located suburb which is just walking
distance East of the centre of downtown. The property is very close to Burke Lakefront
Airport just to the North. Due to the proximity of the City and every amenity possible this
area is very highly demanded for rentals.
Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$20,400
Property running costs:(Tax, insurance and management costs)
$3,034
Net annual rental income:
$17,366
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: 4
Number of Bathrooms: 2

Price: 89,900.00 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