Four Bedroom House (ref. 41696295) - 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. 41696295)
Date & Time Listed: 2024-03-04 20:53:39 (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 on a very nice street in South- Collinwood, the house is
situated in Nottingham which is the most sought after exclusive part of South Collinwood. Properties
in this area rarely come onto the rental market for investors and this house will sell within hours not
days.
The property is divided into two large apartments, you have a large two bedroom apartment upstairs
and a large two bedroom apartment downstairs. The property has tenants in place in the lower
apartment paying $750 in rent each month. The upper apartment needs some minor cosmetic repairs
to be made rent ready, these are included in the price and will begin as soon as the new owner
closes on the property. When completed the management company will place a brand new tenant,
the apartment should achieve $750 – $850 in rent each month.
Nottingham in South Collinwood is seen as a very strong investment area in Cleveland, The property
is just 2.4 miles to The Waterloo Arts District, 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 15 minutes east of Downtown Cleveland.
Investment Calculations
Purchase price
$96,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$4,241
Net annual rental income:
$14,959
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.25 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 96,900.00 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