Four Bedroom House (ref. 41708326) - 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. 41708326)
Date & Time Listed: 2025-01-02 10:06:59 (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 fantastic two apartment multi family home is located on a nice street in St.Clair-Superior which is
just 2.4 miles to Downtown Cleveland. Properties close to the City rarely come onto the market at the
right price as there is huge potential for future capital appreciation.
The property is divided into two large apartments, you have a large two bedroom apartment downstairs
and a large two bedroom apartment upstairs. The property is now vacant and 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 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.
St.Clair-Superior is an extremely well located suburb which is just 2.4 miles East of the centre of
downtown. The property is very close to Burke Lakefront Airport just to the North. Due to the proximity
of the City and every amenity possible this area is very highly demanded for rentals.
Investment Calculations
Purchase price
$105,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,208
Net annual rental income:
$25,792
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
24%
Break even in
4.16 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 105,900.00 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