Five Bedroom House (ref. 41709268) - Houses for Sale, Real Estate - Number of Bedrooms: 5, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

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Five Bedroom House (ref. 41709268)
Date & Time Listed: 2025-04-07 10:05:37 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic three apartment multi family home is located on a nice street in St.Clair-Superior
which is just 3.3 miles to Downtown Cleveland. Properties close to the City rarely come onto
the market at the right price as there is huge potential for future capital appreciation.
The property is divided into three large apartments. You have 2 large two bedroom apartments
and a large one bedroom apartment. The property also has tenants in place in all 3 apartments
paying $500, $450 & $200 in rent each month, The market rent currently with Section 8 is $950
– $1,250 in rent each month for a 2 bed & $850 for a 1 bed. Included in the price is a Sellers
Rental Contribution of $16,200 which equates to $1,350 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.
The seller has requested the tenants not to be disturbed, internal pictures will be supplied with
the inspection. All contracts are subject to a full independent inspection.
St.Clair-Superior is an extremely well located suburb which is just 3.3 miles East of 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
$109,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,423
Net annual rental income:
$25,577
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: 5
Number of Bathrooms: 3

Price: 109,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga