Four Bedroom House (ref. 41697934) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 4 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41697934)
Date & Time Listed: 2024-03-04 20:55:20 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 4
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic opportunity to purchase a large brick built property located in Cleveland Heights
which is arguably one of the nicest suburbs in Cleveland.
The property consists of four one bedroom apartments on the first floor that have all been
recently refurbished, also two spacious commercial storefront units on the ground floor. All
four apartments plus the commercial units have tenants in place. The total monthly rental
income is $5,325
The current market rent for each unit is closer to $950 to $1,000 each month.
Situated “up the hill” from University Circle, one of the largest employment centres in
Northeast Ohio, Cleveland Heights is one of the most desirable suburbs for buyers and renters
alike. Cleveland Heights has many galleries, performing arts and live music venues. This neareast neighbourhood dishes up fat slices of the American Dream, with beautiful old homes on
tree-lined streets within close proximity to thriving commercial strips, parks, schools, libraries
and public transportation. A great place to invest with potential huge future capital
appreciation.
Investment Calculations
Purchase price
$549,900
Gross annual rental income:
$63,900
Property running costs:(Tax, insurance and management costs)
$27,190
Net annual rental income:
$36,710
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
9%
Break even in
11,1 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 4

Price: 549,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 4 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 4
Posted From: United States, Ohio, Cuyahoga