Six Bedroom House (ref. 41699692) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Six Bedroom House (ref. 41699692)
Date & Time Listed: 2024-03-04 20:58:23 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large two apartment multi family home is located on a nice street in Forest Hills close to the
shores of Lake Erie and is less than 1 mile from Glenville High School, one of the best schools in
Cleveland.
The property is divided into two large apartments, you have a large three bedroom apartment
downstairs and a large three bedroom apartment upstairs. The property has new vinyl siding and all
new vinyl windows. One apartment is rental ready and the second apartment has just been vacated
and needs some 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. The management company
will place brand new tenants, each apartment shoud achieve $800 – $950 in rent each month.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo District,
Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and bike trails. The house
is just 2 miles to the Famous Shoreby Club and the neighbouring community Bratenahl. Bratenahl is
one of the most exclusive residential areas in Cleveland where properties can sell in the Millions.
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$22,800
Property running costs:(Tax, insurance and management costs)
$4,039
Net annual rental income:
$18,761
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 2

Price: 84,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga