Eight Bedroom House (ref. 41703885) - Houses for Sale, Real Estate - Number of Bedrooms: 8, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

Members Only:
Welcome to Kugli.com!

New to Kugli.com?
* Create Member Account!

Already a Member?
Login Below:
Forgot Password?

Popular Locations

* India
  * Chennai
  * North Delhi
  * Bangalore
  * Gautam Buddha Nagar
  * Ghaziabad
  * Greater Bombay
* United States
  * New York
  * Los Angeles
  * Miami
  * Louisville
  * Atlanta
  * Houston
* Philippines
  * Makati City
  * Pasig City
  * Cebu City
  * Quezon City
  * Taguig City
  * Mandaluyong City
* Greece
  * Kalamitisi
  * Nikiti
  * Thessaloníki
  * Kalamariá
  * Glyfáda
  * Chaniotis
* Spain
  * Alicante
  * Marbella
  * Málaga
  * Barcelona
  * Torrevieja
  * Nueva Andalucia
* Vietnam
  * Ho Chi Minh City
  * Ha Noi
  * Ho Chi Minh
  * Tay Ho District
  * Ba Dinh District
  * Hcm City

Eight Bedroom House (ref. 41703885)
Date & Time Listed: 2024-05-27 10:25:15 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 8, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large three apartment multi-family home is located in Mount Pleasant and is just seven minutes
from the famous Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full
of restaurants, bars, boutiques and even has a cinema.
The property is divided into three large apartments, you have two large three bedroom apartments on
the ground floor and first floor and also a large 2 bedroom attic conversion. One of the three bedroom
apartments has a Section 8 tenant in place paying $900 in rent each month. The remaining two
apartments have just been vacated. Included in the price are the cosmetic works needed to bring both
apartments up to a Section 8 rent ready standard. The works will begin as soon as the new owner
closes on the property. When complete the management compsny will place brand new tenants. Each
apartment should achieve $1,000 – $1,250 in rent each month with Section 8 housing.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 2 miles away you have
Shaker Square which is one of the biggest attractions in Cleveland. The house is also just bordering on
the famous Shaker Heights, one of the most desirable areas in Cleveland. The house is just 2.5 miles
from Shaker Heights High School.
Investment Calculations
Purchase price
$137,900
Gross annual rental income:
$40,800
Property running costs:(Tax, insurance and management costs)
$5,446
Net annual rental income:
$35,354
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
25%
Break even in
4 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 8
Number of Bathrooms: 3

Price: 137,900.00 USD

More Ads Posted by Member

Contact Ad Poster by E-Mail

Report Ad

*
* Wrong Category / Location
* Spam / Overpost

Safety Tips:
* Deal Locally with persons you can meet face to face - this is the most important tip!
* Avoid Sending Funds with Western Union, Moneygram or and other similar service
* Kugli.com is not an Escrow service, we are not involved in any transaction between our members.

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 8, Number of Bathrooms: 3 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 8, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga