Six Bedroom House (ref. 41707561) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Six Bedroom House (ref. 41707561)
Date & Time Listed: 2024-11-18 10:09:47 (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 fantastic two apartment multi-family home is located in the sought after area of Glenville,
just a short walk from Glenville High School which is one of the best schools in Cleveland.
The property is divided into two large three bedroom townhouses sitting side by side. Both
apartments will be renovated by Global Investments best contractors and will be supplied rent
ready to a Section 8 standard. The works will begin after the new owner closes on the property.
When complete the management company will place brand new vetted tenants. Each apartment
should achieve $1,250 – $1,700 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). It is also just 4.5 miles from Downtown and just 2 miles
from the University Circle. The house is within Greater Circle Living (GCL) which is a part of the
larger Greater University Circle Initiative, comprehensive community-building and development
strategy for rental and purchase housing options in Greater University Circle neighbourhood’s.
Investment Calculations
Purchase price
$121,900
Gross annual rental income:
$32,400
Property running costs:(Tax, insurance and management costs)
$4,611
Net annual rental income:
$27,789
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: 6
Number of Bathrooms: 2

Price: 121,900.00 USD

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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