Seven Bedroom House (ref. 41709217) - Houses for Sale, Real Estate - Number of Bedrooms: 7, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Seven Bedroom House (ref. 41709217)
Date & Time Listed: 2025-04-03 10:07:55 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 7, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic two apartment multi family home is located in Goodrich Kirtland Park, right next to
Asiatown Cleveland. The house is just 1.3 miles to Downtown Cleveland. Properties very rarely
come onto the market in this location.
The property is divided into two large apartments, you have a large three bedroom apartment
downstairs and a large four 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 after the new owner closes on the property, When complete the management
company will place brand new vetted tenants. The three bedroom apartment should achieve
$1,250 – $1,700 in rent each month and the four bedroom apartment $1,250 – $1,800 in rent each
month. Due to the great location this property could also be rented via Air B&B. When the work is
complete this house would have approx $50,000 in equity, a great investment.
Goodrich-Kirkland Park is an extremely well located suburb which is just walking distance to the
centre of downtown. The property is very close to Burke Lakefront Airport just to the North. Due to
the proximity of the City and every amenity possible this area is very highly demanded for rentals.
Investment Calculations
Purchase price
$155,000
Gross annual rental income:
$42,000
Property running costs:(Tax, insurance and management costs)
$6,147
Net annual rental income:
$35,853
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
23%
Break even in
4.34 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 7
Number of Bathrooms: 2

Price: 155,000.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 7, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 7, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga