Four Bedroom House (ref. 41696430) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 4 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41696430)
Date & Time Listed: 2024-03-04 20:53:40 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 4
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large two apartment multi family home is located on a nice street in South Broadway which
is just 4.6 miles from Downtown Cleveland. This property is also just two minutes and just a short
walk to the centre of Slavic Village one of the most demanded areas 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. Both apartments have tenants in place,
both paying $550 in rent each month. The current market rent for each apartment is $750 each
month. The house is under management with a great local Cleveland property management
company.
South Broadway is viewed as a very central location in Cleveland Ohio, it is just 4.6 miles miles
from Downtown and 5.2 miles from University Circle. The property is also just a short walk to the
centre of Slavic Village. Slavic Village is going through large development projects with many
new build homes also being built on vacant plots. This is one of the most up and coming areas
in the City and in huge demand by investors. The house is also just half a mile from the brand
new Amazon fulfilment centre and latest acquisition of the 1.273-acre site of the former Mound
Elementary School on Mound Avenue at East 55th Street.
Investment Calculations
Purchase price
$64,900
Gross annual rental income:
$13,200
Property running costs:(Tax, insurance and management costs)
$3,087
Net annual rental income:
$10,113
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.25 Years
This property is a Apartment for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 4

Price: 64,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 4 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 4
Posted From: United States, Ohio, Cuyahoga