Four Bedroom House (ref. 41699976) - 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. 41699976)
Date & Time Listed: 2024-03-04 20:58:25 (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 fantastic two apartment multi family home is located on a very nice street in the sought
after area of South-Collinwood, it is just five minutes from the Lakeshore and only 1.3 miles to
Collingwood High School, one of the best schools in Cleveland.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The upstairs apartment has a tenant
in place paying $1,000 in rent each month and the downstairs apartment also has a tenant in
place paying $725 in rent each month. The property is under management with a great local
Cleveland property management company.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded
by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid,
The property is just 1.3 miles to Collinwood High School one of the best schools in Cleveland.
This is one of our most demanded areas by investors
Investment Calculations
Purchase price
$95,900
Gross annual rental income:
$20,700
Property running costs:(Tax, insurance and management costs)
$3,499
Net annual rental income:
$17,201
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: 95,900.00 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