Four Bedroom House (ref. 41701480) - 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. 41701480)
Date & Time Listed: 2024-03-04 20:58:46 (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 on a nice street in Corlett and is less than one
mile and just three minutes and less than one mile 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. Both apartments
have just been made rental ready. The management company will place brand new
tenants when the new owner closes on the property. Each apartment should achieve
$650 – $750 in rent each month. The management company already have applications
in process.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7.7 miles from
Downtown and 5.8 miles from University Circle. Also just 1.4 miles away you have Lee
Harvard shopping centre. The property is also just 3 minutes to John Adams College,
one of thing schools in Cleveland.
Investment Calculations
Purchase price
$78,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,322
Net annual rental income:
$14,678
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
19%
Break even in
5.26 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 78,900.00 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