Four Bedroom House (ref. 41703672) - 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. 41703672)
Date & Time Listed: 2024-05-14 15:13:56 (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 the Waterloo Art District in
North Collinwood, right next to the Lakefront and close to the new Amazon facility. The
Waterloo Arts District is known as a bustling area with art studios, entertainment,
restaurants, bars and retail, it is the place to go out on the Eastside of 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 tenants in place in both apartments paying $700 in rent each month. The market
rent with Section 8 housing is currently $1,000 – $1,350 in rent each month.
The Waterloo Arts District is 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 ten minutes to downtown
Cleveland, the Lakefront is also just five minutes away.
Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$3,244
Net annual rental income:
$13,556
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
14%
Break even in
7.14 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 99,900.00 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