Four Bedroom House (ref. 41709003) - 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. 41709003)
Date & Time Listed: 2025-02-27 10:11:30 (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 large four bedroom single family home is located in a very nice street in Hough, close to the shores of
Lake Erie. Hough is a very demanded area in Cleveland due to its close proximity to the University Circle, the entrance
is just two miles away. The house is also directly across the street from Wade Park Elementary School.
The property has four bedrooms, two bathrooms, a full basement and a large rear garden. The house has Vinyl siding
with approximately half of the windows replaced and new indoor flooring installed. The roof had a partial replacement
completed in the last few years also. This house was originally a two-family property, currently converted to a singlefamily home. The house maintains two-family zoning which could allow a future potential reconversion back to a multi
family. Mulkti family homes in this area sell for $100,000 upwards. There is a tenant currently in place paying $750
each month, Included in the price is a Sellers Rental Contribution of $6,000 which equates to $500 for 12 months
which gives the new owner the current market rent for the first year, This will be credited to the buyer on closing.
Hough is seen as a very strong investment area in Cleveland, it is close to the Waterloo District, Euclid, Bratenahl and
the I90 (highway It is also just 2 miles from the University Circle. The University Circle has the highest concentration of
cultural attractions and performing arts venues in the whole of the US, such as the Cleveland Museum of Art;
Severance Hall, Cleveland Institute of Art, plus many more
Investment Calculations
Purchase price
$84,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$2,842
Net annual rental income:
$12,158
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: 84,900.00 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