Three Bedroom House (ref. 41699619) - 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. 41699619)
Date & Time Listed: 2024-03-04 20:58:23 (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 two apartment multi-family home is located in the Waterloo Art District in North Collinwood,
right next to the Lakefront and close to the new Amazon facility. The Waterloo District is known as a
bustling area with art studios, entertainment, restaurants, bars and retail, it is the place to go out on
the Eastside of Cleveland.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large one bedroom apartment upstairs. Both apartments have just been refurbished
and have tenants in place, one paying $650 and one paying $675 in rent each month. The house is
under management with a great local Cleveland property management company. The property has a
potential 70% finance available, terms and conditions apply.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You
can hear live music at one of the best venues in the country or browse an awesome indie music store.
The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.
Investment Calculations
Purchase price
$114,900
Gross annual rental income:
$15,900
Property running costs:(Tax, insurance and management costs)
$3,690
Net annual rental income:
$12,210
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
11%
Break even in
9.09 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 2

Price: 114,900.00 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