Four Bedroom House (ref. 41709242) - 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. 41709242)
Date & Time Listed: 2025-04-07 10:05:36 (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 three apartment multi family home is located in North Broadway which is just 4
miles from Downtown Cleveland. This property is also just 1 Mile from the centre of Slavic Village
one of the most demanded areas in Cleveland.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The property is now vacant and 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. Each apartment
should achieve $1,000 – $1,250 in rent each month.
North Broadway is viewed as a very central location in Cleveland Ohio, it is just 4 miles miles from
Downtown and 5 miles from University Circle. The property is also just 1 Mile from Slavic Village.
Slavic Village is going through large development projects. This is one of the most up and coming
areas in the City and in huge demand from investors.
Investment Calculations
Purchase price
$114,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,447
Net annual rental income:
$25,553
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
22%
Break even in
4.54 Years.
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 114,900.00 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