Four Bedroom House (ref. 41702518) - 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. 41702518)
Date & Time Listed: 2024-04-01 13:39:42 (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 two apartment multi family home is located in South Broadway which is just 5
miles from Downtown Cleveland. The house is also bordering on Garfield Heights and is just 2.8
miles from the famous Garfield Heights High School. Garfield 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 property also has Section tenants
in place in both apartments. One tenant is paying $850 in rent each month and the other $650
in rent each month. The market rent is now closer to $900 – $1,100 in rent each month.
South Broadway is just South of Slavic Village which is going through large development
projects. This is one of the most up and coming areas in the City and in huge demand by
investors due to new build properties increasing the value of the properties in the surrounding
areas. The house is less than 1 mile to the centre of Slavic village and also just bordering on the
famous Garfield Heights, one of the most desirable areas in Cleveland.
Investment Calculations
Purchase price
$86,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,700
Net annual rental income:
$14,300
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
17%
Break even in
5.8 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 86,900.00 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