Four Bedroom House (ref. 41708222) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41708222)
Date & Time Listed: 2024-12-19 10:10:47 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large multi-family home is located in Buckeye Shaker and is only four 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 two large apartments. You have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. Both apartments will be renovated by
Global Investments best contractors and will be supplied rent ready to a Section 8 standard. The
rent ready works will begin when the new owner closes on the property, When complete the
management company will place brand new vetted tenants. Each apartment should achieve
$1,000 – $1,250 in rent each month with Section 8 housing based on current market rates.
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 5 minutes 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
$109,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,549
Net annual rental income:
$25,451
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: 4
Number of Bathrooms: 2

Price: 109,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga