Four Bedroom House (ref. 41708727) - 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. 41708727)
Date & Time Listed: 2025-01-27 10:14:32 (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 the sought after area of Glenville, just minutes
from Glenville High School which is one of the best schools in Cleveland..
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 also
has tenants in place in both apartments paying $700 in rent each month. The market
rent currently with section 8 housing is $950 – $1,250 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). The property is also very well
positioned directly opposite the Cleveland Lakefront Nature Preserve. The house is also
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
$88,900
Gross annual rental income:
$16,800
Property running costs:(Tax, insurance and management costs)
$3,801
Net annual rental income:
$12,999
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
15%
Break even in
6.6 Years
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 88,900.00 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