Four Bedroom House (ref. 41706215) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41706215)
Date & Time Listed: 2024-08-22 10:17:55 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic opportunity to purchase a large seven apartment multi family home
located on a very nice street in the sought after area of South-Collinwood, it is just five
minutes from the Lakeshore and just. Short walk to Collingwood High School, one of the
best schools in Cleveland.
The property consists of a 4 bedroom suite that is tenanted occupied bringing in $1,250
in rent each month. There are also three individual studio apartments all tenant occupied
rented for $525, $500 & $450 each month bringing the total monthly rental income to
$2,750
South-Collinwood is seen as a very strong investment area in Cleveland, this area is
surrounded by some great neighbourhoods like University Heights, Glenville, Richmond
Heights and Euclid, The property is less than 1 mile to Collinwood High School one of the
best schools in Cleveland. This is one of our most demanded areas by investors
Investment Calculations
Purchase price
$179,900
Gross annual rental income:
$33,000
Property running costs:(Tax, insurance and management costs)
$5,556
Net annual rental income:
$27,444
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.25 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 3

Price: 179,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 3 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga