Five Bedroom House (ref. 41708889) - Houses for Sale, Real Estate - Number of Bedrooms: 5, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Five Bedroom House (ref. 41708889)
Date & Time Listed: 2025-02-10 10:10:02 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic two apartment multi family home is located in the Waterloo Art District in North
Collinwood, right next to the Lakefront and close to the new Amazon facility. The Waterloo Arts
District is known as a bustling area with art studios, entertainment, restaurants, bars and retail, it is
the place to go out on the Eastside of Cleveland.
The property is divided into two large apartments. You have a large two bedroom apartment
downstairs and a large three bedroom apartment upstairs. The property 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. The management company will then place brand
new vetted tenants. The 2 bed apartment should achieve $950 – $1,250 in rent each month and the 3
bed $1,100 – $1,500 eaxch month with Section 8 housing.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You
can hear live music at one of the best venues in the country or browse an awesome indie music store.
The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.
Investment Calculations
Purchase price
$127,900
Gross annual rental income:
$33,000
Property running costs:(Tax, insurance and management costs)
$5,112
Net annual rental income:
$27,888
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
22%
Break even in
4.54 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 2

Price: 127,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga