Members Only:
Welcome to Kugli.com!
New to Kugli.com?
* Create Member Account!
Already a Member?
Login Below:
Forgot Password?
Popular Locations
|
|
Eight Bedroom House (ref. 41696624)
Date & Time Listed: 2024-03-04 20:53:45 (GMT)
|
Ad Details:
This great opportunity to purchase a very large four apartment multi gamily home on a nice street in Broadway/Slavic Village which
is just 4.5 miles from Downtown Cleveland. This property is also less than a mile from the centre of Slavic Village.
The property is divided into four large two bedroom apartments, you have two large two bedroom apartments downstairs and two
large two bedroom apartments upstairs. Three of the apartments has just been updated and made rental ready. The management
company will place brand new tenants when the new owner closes on the property, each apartment should achieve $700 – $750 in
rent each month. The remaining apartment needs some small cosmetic repairs needed to be made rental ready. The works are
included in the price and will begin after the new owner closes on the property, when completed the management company will
also place new tenants.
Broadway/Slavic Village is viewed as a very central location in Cleveland Ohio, it is just 4.5 miles from Downtown and 4.3 miles
from University Circle. The property is also just less than a mile from the centre of Slavic Village which is going through large
development projects. This is one of the most up and coming areas in the City and in huge demand by investors. The house is also
just 1 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
$149,900
Gross annual rental income:
$36,000
Property running costs:(Tax, insurance and management costs)
$6,240
Net annual rental income:
$29,760
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: 8
Number of Bathrooms: 4
Price: 149,900.00 USD
More Ads Posted by Member
|
|
|
Contact Ad Poster by E-Mail
|
Report Ad
Safety Tips:
* Deal Locally with persons you can meet face to face - this is the most important tip!
* Avoid Sending Funds with Western Union, Moneygram or and other similar service
* Kugli.com is not an Escrow service, we are not involved in any transaction between our members.
|
Related Links:
* Cuyahoga - Real Estate Classified Ads
* Ohio, United States - Real Estate Classified Ads
* United States - Real Estate Classified Ads
* Cuyahoga - Houses for Sale Classified Ads
* Ohio, United States - Houses for Sale Classified Ads
* United States - Houses for Sale Classified Ads
|
