Four Bedroom House (ref. 41695977) - 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. 41695977)
Date & Time Listed: 2024-03-04 20:53:35 (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 on a nice street in Forest Hills close to
the shores of Lake Erie and is only a three minute drive from Glenville 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 house has a tenant in place in
one apartment paying $700 in rent each month, the market rent is $750. The second
apartment has just been vacated and included in the price are some cosmetic repairs
needed to update the apartment and make it rental ready. The works will begin as soon as
the new owner closes own the property, when complete the management company will
place brand new tenants. The apartment should achieve $750 in rent each month..
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and
bike trails. The house is just 1.6 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
$74,900
Gross annual rental income:
$14,010
Property running costs:(Tax, insurance and management costs)
$3,390
Net annual rental income:
$14,010
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: 74,900.00 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