Four Bedroom House (ref. 41696432) - 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. 41696432)
Date & Time Listed: 2024-03-04 20:53:41 (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 large multi-family home is located in Buckeye Shaker and is only four
minutes and walking distance from the centre of the famous Shaker Square. Shaker
Square is one of the biggest attractions in Cleveland and is full of restaurants, bars,
boutiques and even has a cinema.
The property is split into two large two bedroom apartments and comes with new
windows. The house was recently also updated inside and made rental ready. One of
the apartments has a tenant in place paying $675 in rent each month. The
management company will place a brand new tenant in the second apartment when
the new owner closes on the property. The apartment should achieve $700 – $750 in
rent each month.
Buckeye Shaker is seen as a very strong investment area in Cleveland, less than 1
mile away you have the famous Shaker Square. The house is also just a short walk to
Larchmere Blvd which is host to a multitude of many quality cafe’s, restaurants, beauty
salons, fashion shops and many small businesses. This house is extremely well
located.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$17,100
Property running costs:(Tax, insurance and management costs)
$3,360
Net annual rental income:
$13,740
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
18%
Break even in
5.5 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