Four Bedroom House (ref. 41699076) - 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. 41699076)
Date & Time Listed: 2024-03-04 20:56:44 (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 two apartment multi family home is located on a nice street in Union – Miles
Park which is a great neighbourhood in Cleveland, this area is close to Mount Pleasant
and Slavic Village. It is also just 1 mile to John Adams College And Career Academy,
which is 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 also
has tenants in place in both apartments paying $650 in rent each month. The market
rent is closer to $850 in rent each month.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 7
miles from Downtown and 4 miles from University Circle. University Circle has the
highest concentration of cultural attractions and performing arts venues in the whole
of the US. The house is also just 1 mile to John Adams College And Career Academy,
which is one of the best schools in Cleveland.
Investment Calculations
Purchase price
$77,900
Gross annual rental income:
$15,600
Property running costs:(Tax, insurance and management costs)
$2,681
Net annual rental income:
$12,919
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: 77,900.00 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