Four Bedroom House (ref. 41698794) - 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. 41698794)
Date & Time Listed: 2024-03-04 20:55:25 (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 large multi-family home is located in Euclid Green right next to South Collinwood and only a short
distance from the Lakefront. It is also only three minutes and walking distance to Euclid Park School
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs, The apartment upstairs has a tenant in place
paying $700 in rent each month, The current market rent is $750 – $850 each month. The apartment
downstairs needs some minor cosmetic repairs to be made rental ready, The funds are included in the
price and the works will begin as soon as the new owner closes on the property. When complete the
management company will place a brand new tenant. The apartment should achieve $800 in rent each
month.
Euclid Green 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 South Collinwood, this
property is only 2.3 miles from Euclid Creek Reservation, a beautiful nature trail full of natural wildlife,
picnic areas and stunning scenery. A great family area that is close to the city and yet nature is all
around you.
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,400
Net annual rental income:
$14,600
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: 4
Number of Bathrooms: 2

Price: 84,900.00 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