Three Bedroom House (ref. 41708149) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

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Three Bedroom House (ref. 41708149)
Date & Time Listed: 2024-12-12 10:07:54 (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 large multi-family home is located in Buckeye Shaker and is only three minutes and
walking distance from the centre of 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 apartments. You have a large two bedroom
apartment and two spacious one bedroom apartments. All three apartments have
tenants in place each paying $650 in rent each month. The house is under management
with a great local Cleveland property management company.
Buckeye Shaker is seen as a very strong investment area in Cleveland, less than 1 mile
away you have the famous Shaker Square. The house is also just half a mile to
Larchmere Blvd which is host to a multitude of many quality cafe’s, restaurants, beauty
salons, fashion shops and many small businesses. This house is extremely well located.
Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$23,400
Property running costs:(Tax, insurance and management costs)
$3,872
Net annual rental income:
$19,528
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 3

Price: 94,900.00 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