Three Bedroom House (ref. 41699363) - Houses for Sale, Real Estate - Number of Bedrooms: 3, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Three Bedroom House (ref. 41699363)
Date & Time Listed: 2024-03-04 20:58:16 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large Three bedroom multi family home is located on a nice street in Clark Fulton on the
Westside of Cleveland, the house is just 1 mile from the Metro Health centre main campus.
The property is split into two apartments,. There is a spacious two bedroom apartment at the
front of the property and a spacious one bedroom apartment at the rear of the property. Both
apartments have tenants in place each paying $600 in rent per month. The current market rent
is closer to $750 – $950 for each unit. The seller has requested the tenants not to be disturbed,
internal pictures will be supplied with the inspection. All contracts are subject to a full
independent inspection. The house is under management with a great local Cleveland property
management company.
Clark Fulton is located on the Westside and viewed as a very central location in Cleveland Ohio,
it is just 4 miles from Downtown Cleveland and only 2 miles from Detroit Shoreway which is
one of the best areas in Cleveland. The property is also only just 1 mile from the Metro Health
centres main campus. A $946 million transformation plan of an 11-story 264-bed hospital on its
main campus on West 25th Street in Cleveland. A huge project that is transforming the area.
Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$14,400
Property running costs:(Tax, insurance and management costs)
$3,436
Net annual rental income:
$10,964
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
12%
Break even in
8.3 Years.
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 2

Price: 94,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga