Four Bedroom House (ref. 41696661) - 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. 41696661)
Date & Time Listed: 2024-03-04 20:53:46 (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 two apartment multi family home is located on a very nice street in the
sought after area of South-Collinwood, it is just five minutes from the Lakeshore and only 1
mile to Collingwood 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 property has
Section 8 tenants in place in the upper apartment paging $535 in rent each month. The
market rent for this apartment is $750 – $800 in rent each month. The lower apartment has
just been vacated and will be supplied by the seller rental ready. The management
company will place brand new tenants when the new owner closes on the property paying
$750 – $800 in rent each month, the tenant could be Section 8 or private.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, Richmond
Heights and Euclid, The property is just 1 mile to Collinwood High School one of the best
schools in Cleveland. This is one of our most demanded areas by investors.
Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$16,020
Property running costs:(Tax, insurance and management costs)
$3,602
Net annual rental income:
$12,418
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: 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