Six Bedroom House (ref. 41699783) - 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. 41699783)
Date & Time Listed: 2024-03-04 20:58:24 (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 brick built multi-family home is located on a very nice street in Woodland Hills,
just 2 miles from the famous Shaker Square, one of the biggest attractions in Cleveland.
Shaker Square is full of restaurants, bars, boutiques and even has a cinema.
The property is divided into two large apartments, you have a large three bedroom
apartment and another large three bedroom apartment sitting side by side. Both
apartments have tenants in place paying $700 in rent each month. The current market rent
for the apartments is closer to $750 – $950 each month. Included in the price are the funds
for a brand new roof whcih will be completed after the new owner closes on the property.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 3 miles from the University Circle & only 2 miles 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
$83,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$3,080
Net annual rental income:
$13,720
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
17%
Break even in
5.8 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 2

Price: 83,900.00 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