Four Bedroom House (ref. 41700673) - 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. 41700673)
Date & Time Listed: 2024-03-04 20:58:32 (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 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 two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The property has recently had 2 new
furnaces and also 2 new hot water tanks. One apartment has a good tenant that has been in
place since 2019 paying $750 in rent each month. The upstairs apartment has just been
renovated and made rental ready. The management company will place brand new tenants when
the new owner closes on the property paying $800 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 less than 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:
$18,600
Property running costs:(Tax, insurance and management costs)
$3,660
Net annual rental income:
$14,940
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: 84,900.00 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