Four Bedroom House (ref. 41699691) - 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. 41699691)
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 in Buckeye Shaker and is only three minutes and
walking distance from the centre of the famous Shaker Square. Shaker Square is one of
the biggest attractions in Cleveland and is full of restaurants, bars, boutiques and even
has a cinema.
The property is divided into two large two bedroom apartments, One apartment has a
tenant in place paying $650 in rent each month, The current market rent is $850 each
month. The apartment downstairs needs some minor cosmetic repairs to be made
rental ready, The funds are included in the price and the works will begin as soon as the
new owner closes on the property. When complete the management company will
place a brand new tenant. The apartment should achieve $850 in rent each month.
Buckeye Shaker is seen as a very strong investment area in Cleveland, less than 1 mile
away you have the famous Shaker Square. The house is also just 4 minutes to Larchmere
Blvd which is host to a multitude of many quality cafe’s, restaurants, beauty salons,
fashion shops and many small businesses. This house is extremely well located.
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,270
Net annual rental income:
$14,730
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: 84,900.00 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