Four Bedroom House (ref. 41699617) - 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. 41699617)
Date & Time Listed: 2024-03-04 20:58:23 (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 fantastic large two apartment multi family home is located in South Broadway which is just 7 miles
from Downtown Cleveland. The house is also bordering on Garfield Heights and is just 1.2 miles from
the famous Garfield Heights High School. Garfield Heights is one of the most demanded and
prestigious areas 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. Both apartments have just been made rental
ready. The management company will place brand new tenants when the new owner closes on the
property. Each apartment should achieve $800 – $950 in rent each month. The tenants could be
Section 8 or private. The property has a potential 70% finance available, terms and conditions apply.
South Broadway is just 2 miles South of Slavic Village which is going through large development
projects. This is one of the most up and coming areas in the City and in huge demand by investors due
to new build properties increasing the value of the properties in the surrounding areas. The house is
also just bordering on the famous Garfield Heights, one of the most desirable areas in Cleveland. The
house is just 1.2 miles from Garfield Heights High School.
Investment Calculations
Purchase price
$109,900
Gross annual rental income:
$22,800
Property running costs:(Tax, insurance and management costs)
$3,782
Net annual rental income:
$19,018
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
18%
Break even in
5.5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 109,900.00 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