Seven Bedroom House (ref. 41708256) - Houses for Sale, Real Estate - Number of Bedrooms: 7, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

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Seven Bedroom House (ref. 41708256)
Date & Time Listed: 2024-12-23 10:08:05 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 7, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large multi-family home is located on a very nice street in Woodland Hills, less than 2 miles from
the famous Shaker Square, one of the biggest attractions in Cleveland. Shaker Square is full of
restaurants, bars, boutiques and even has a cinema.
The property is divided into three large apartments, you have two large two bedroom apartments and a
large three bedroom apartment. All three apartments will be renovated by Global Investments best
contractors and will be supplied rent ready to a Section 8 standard. The works will begin when the new
owner closes on the property. When complete the management company will place brand new vetted
tenants. Each two apartment should achieve $1,000 – $1,250 in rent each month and the three
bedroom apartment should achieve $1,250 – $1,700 each month based on the current Section 8 rates.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from Downtown
Cleveland, just 3 miles from the University Circle & only 2 miles from Shaker square. There are many
new built homes being built in this area, increasing the value or surrounding properties with a good
potential for capital appreciation. New builds are selling for over $300,000.
Investment Calculations
Purchase price
$135,900
Gross annual rental income:
$42,600
Property running costs:(Tax, insurance and management costs)
$6,272
Net annual rental income:
$32,328
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
27%
Break even in
3.7 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 7
Number of Bathrooms: 3

Price: 135,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 7, Number of Bathrooms: 3 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 7, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga