Four Bedroom House (ref. 41700140) - 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. 41700140)
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 two apartment multi-family home is located on a very nice street in South- Collinwood, the house
is situated in Nottingham which is the most sought after exclusive part of South Collinwood. Properties in
this area rarely come onto the rental market for investors and this house will sell within hours not days.
The property is divided into two large apartments, you have a large two bedroom apartment downstairs
and a large two bedroom apartment upstairs. Both apartments are in the final stages of being refurbished
throughout to a Section 8 standard. The work will be completed within the next 45-60 days. When
complete the management company will place brand new tenants. Each apartment should achieve $850 –
$900 in rent each month.
Nottingham in South Collinwood is seen as a very strong investment area in Cleveland, The property is just 2
miles to The Waterloo Arts District, A funky, indie community, with lots of cool little galleries and studios.
You can hear live music at one of the best venues in the country or browse an awesome indie music store.
The coffee shops roasts all their own beans, and there are plenty of great places to eat within a five-minute
drive. just 15 minutes east of Downtown Cleveland.
Investment Calculations
Purchase price
$115,900
Gross annual rental income:
$21,600
Property running costs:(Tax, insurance and management costs)
$11,400
Net annual rental income:
$10,200
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
27%
Break even in
3.7 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 115,900.00 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