Four Bedroom House (ref. 41700882) - 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. 41700882)
Date & Time Listed: 2024-03-04 20:58:37 (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 large multi-family home is located on a nice street in Corlett and is just 1.5 miles
and four minutes from John Adams College, one of the leading 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 just been
refurbished throughout to a good standard and now has new tenants in place in both
apartments paying $750 in rent each month
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from Downtown
and 5 miles from University Circle. Also just 1 mile away you have Lee Harvard shopping centre.
The property is also just 4 minutes to John Adams College, one of the best schools in Cleveland.
Investment Calculations
Purchase price
$114,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$10,680
Net annual rental income:
$7,320
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
20%
Break even in
5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 114,900.00 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