Five Bedroom House (ref. 41697319) - Houses for Sale, Real Estate - Number of Bedrooms: 5, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

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Five Bedroom House (ref. 41697319)
Date & Time Listed: 2024-03-04 20:55:17 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large multi-family home is located in Mount Pleasant and is only five minutes from
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 divided into three large apartments, you have a large two bedroom
apartment downstairs , a large two bedroom apartment upstairs.and also a converted
one bedroom attic apartment. The property has a section 8 tenant in place in the first
floor apartment paying $850 in rent each month. The ground floor apartment and the
attic apartment are rental ready. The management company will place brand new
tenants when the new owner closes on the property. The ground floor two bed should
also acheive $850 in rent each month and the attic apartment $400 in rent each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, just over 1 mile
away you have the famous Shaker Square which is one of the biggest attractions in
Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema.
This property is also only 7 miles from Downtown and 4 miles from the University Circle.
Investment Calculations
Purchase price
$104,900
Gross annual rental income:
$25,200
Property running costs:(Tax, insurance and management costs)
$4,170
Net annual rental income:
$21,030
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 3

Price: 104,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga