Eight Bedroom House (ref. 41707472) - Houses for Sale, Real Estate - Number of Bedrooms: 8, Number of Bathrooms: 4 - Cuyahoga, Ohio, United States

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Eight Bedroom House (ref. 41707472)
Date & Time Listed: 2024-11-07 10:09:24 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 8, Number of Bathrooms: 4
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic large four apartment multi family home is located in the sought after area of
Glenville, just 3 miles to the centre of University Circle. There are a large number of new build
properties being constructed in this area having a positive impact on nearby real estate.
The large brick built property is split into four spacious two bedroom apartments. Two of the
apartments have tenants in place each paying $600 per month. The current market rent with
Section 8 is $950 – $1,250 each month. The remaining 2 apartments are now vacant and will
be renovated by Global Investments best contractors and supplied rent ready to a Section 8
standard. When complete the management company will place brand new vetted tenants.
Each apartment should achieve $950 – $1,250 in rent each month.
Glenville is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway). The property is extremely well located and is
3 minutes from Rockefeller Park & Greenhouse, 3 minutes from Cultural Garden, 5 minutes
form Gordon Park and 11 minutes from Downtown Cleveland.
Investment Calculations
Purchase price
$169,900
Gross annual rental income:
$44,900
Property running costs:(Tax, insurance and management costs)
$6,940
Net annual rental income:
$37,960
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
23%
Break even in
4.34 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 8
Number of Bathrooms: 4

Price: 169,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 8, Number of Bathrooms: 4 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 8, Number of Bathrooms: 4
Posted From: United States, Ohio, Cuyahoga