Five Bedroom House (ref. 41697351) - 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. 41697351)
Date & Time Listed: 2024-03-04 20:55:19 (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 three apartment multi-family home is located on a nice street in Woodland Hills
right next to Buckeye Shaker, it is also less than five minutes from the famous Shaker
Square, one of the biggest attractions in Cleveland. Shaker Square is full of restaurants,
bars, boutiques and even has a cinema.
The property is divided into three apartments and two of the apartments are occupied by
Section 8 tenants, the rent is paid direct to the landlord via the City of Cleveland and the
rent is $655 per month per apartment.
On the third floor you have a large one bedroom apartment, the management company
will place a new tenant once the new Owner closes on the property, the rent for this
apartment will be $450 per month.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 6 miles
from Downtown Cleveland, just 3 miles from the University Circle. The house is in one of
the nicest parts of Woodland Hills and sits right next to Benedictine High School which is
a very highly rated private Roman Catholic college preparatory high school for boys.
Investment Calculations
Purchase price
$104,900
Gross annual rental income:
$21,000
Property running costs:(Tax, insurance and management costs)
$4,100
Net annual rental income:
$16,900
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
17%
Break even in
5.8 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