Six Bedroom House (ref. 41705063) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 2 - 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

Six Bedroom House (ref. 41705063)
Date & Time Listed: 2024-07-11 10:26:46 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large six bedroom multi family home is located on a nice street in St.Clair-Superior which is just 2.8 miles
to Downtown Cleveland. Properties close to the City rarely come onto the market at the right price as there
is huge potential for future capital appreciation.
The property is divided into two large apartments, you have a large three bedroom apartment downstairs
and a large three bedroom apartment upstairs. The upper unit has a tenant in place paying $550 in rent each
month whcih is very much under market value. The current market Section 8 rent is currently $1,000 – $1,350
each month. The downstairs apartment will be renovated by Global Investments best contractors and will be
supplied rent ready to a Section 8 standard. When complete the management company will place brand new
vetted tenants. The 3 bed apartment should achieve $1,000 – $1,350 in rent each month with Section 8
housing.
St.Clair-Superior is an extremely well located suburb which is just 2.8 miles East of the centre of downtown.
The property is very close to Burke Lakefront Airport just to the North. Due to the proximity of the City and
every amenity possible this area is very highly demanded for rentals. The house is walking distance to Saint
Martin de Porres & also the fantastic Goldhorn Brewery, the latest trendy extremely popular tap house.
Investment Calculations
Purchase price
$104,900
Gross annual rental income:
$22,800
Property running costs:(Tax, insurance and management costs)
$3,680
Net annual rental income:
$19,120
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: 6
Number of Bathrooms: 2

Price: 104,900.00 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: 6, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga