Five Bedroom House (ref. 41708988) - 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. 41708988)
Date & Time Listed: 2025-02-27 10:11:30 (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 multi-family home is located in Mount Pleasant and is only five minutes from the famous
Shaker Square. Shaker Square is one of the biggest attractions in Cleveland and is full of restaurants,
bars, boutiques and even has a cinema.
The property is divided into two spacious apartments. There is a large 3 bedroom apartment
downstairs and a large two bedroom apartment upstairs. 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. The 3 bed should rent for $1,200 – $1,700 each month & the two bed
$1,000 – $1,250 each month. The house also has recent replaced furnace and hot water tank.
Mount Pleasant is seen as a very strong investment area in Cleveland, just 1 mile away you have
Shaker Square which is one of the biggest attractions in Cleveland. The house is also just bordering on
the famous Shaker Heights, one of the most desirable areas in Cleveland. The house is just 1.5 miles
from Shaker Heights High School.
Investment Calculations
Purchase price
$115,900
Gross annual rental income:
$35,400
Property running costs:(Tax, insurance and management costs)
$5,790
Net annual rental income:
$29,610
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
26%
Break even in
3.84 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 2

Price: 115,900.00 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