Five Bedroom House (ref. 41708949) - 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. 41708949)
Date & Time Listed: 2025-02-24 10:11:36 (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 large five bedroom multi family home is located on a nice street in the sought after area of
Glenville, just three minutes and one mile from Glenville High School and is only a short distance from
the Lakefront.
The property is split into two large apartments. There is a large 4 bedroom apartment downstairs and a
one bedroom apartment upstairs. Both apartments will be renovated by Global Investments best
contractors and will be supplied rent ready to a Section 8 standard. When complete the management
company will place brand new vetted tenants. The four bed apartment should achieve $1,000 – $1,500
in rent each month and the one bed apartment $600 – $800 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 just 1.3 miles from E105th Street. The up and coming
“ Opportunity Corridor “ and the final phase of a $306 million roadway project. 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
$117,900
Gross annual rental income:
$27,600
Property running costs:(Tax, insurance and management costs)
$4,510
Net annual rental income:
$23,090
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
20%
Break even in
5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 2

Price: 117,900.00 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