Four Bedroom House (ref. 41699666) - 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. 41699666)
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 large multi-family home is located on a very nice street in Woodland Hills, right next to the
Woodland Homes district just on the boarder of Buckeye Shaker. The house is just 2 miles from the
entrance to the world famous Cleveland Clinic..
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 is now vacant. Included in
the price are the cosmetic repairs needed to bring both apartments up to a good rental ready
condition. The works will begin as soon as the new owner closes on the property. The
management company will place brand new vetted tenants when the works are completed. Each
apartment should achieve $800 – $950 in rent each month.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 2 miles from the University Circle & only 1 mile from Shaker square.
There are many new built homes being built in this area, increasing the value or surrounding
properties with a good potential for capital appreciation. New builds are selling for over $300,000.
Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$22,800
Property running costs:(Tax, insurance and management costs)
$3,695
Net annual rental income:
$19,105
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
20%
Break even in
5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 99,900.00 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