Four Bedroom House (ref. 41700100) - 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. 41700100)
Date & Time Listed: 2024-03-04 20:58:27 (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 Mount Pleasant. The house is also just 2 miles from
the famous Shaker Heights High School. Shaker Heights is one of the most demanded and
prestigious areas 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 house was recently
refurbished and had a brand new roof and all new mechanics. The property has tenants in
place in both apartments both paying $800 in rent each month.
Mount Pleasant is seen as a very strong investment area in Cleveland, less than 2 miles away
you have the famous Shaker Square which is one of the biggest attractions in Cleveland.
Shaker Square is full of restaurants, bars, boutiques and even has a cinema. The house is just
6 miles from Downtown Cleveland, just 4 miles from the University Circle & only 2 miles
from Shaker square. University Circle has the highest concentration of cultural attractions
and performing arts venues in the whole of the US.
Investment Calculations
Purchase price
$89,900
Gross annual rental income:
$19,200
Property running costs:(Tax, insurance and management costs)
$3,820
Net annual rental income:
$15,380
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: 89,900.00 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