Six Bedroom House (ref. 41709374) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 3 - Cuyahoga, Ohio, United States

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Six Bedroom House (ref. 41709374)
Date & Time Listed: 2025-04-21 10:25:10 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large two apartment multi family home is located on a nice street in Forest Hills close to
the shores of Lake Erie and is less than 1 mile from Glenville High School, one of the best
schools in Cleveland.
The property is divided into two large apartments, you have a large three bedroom apartment
downstairs and a large three 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. Each apartment should achieve
$1,100 – $1,600 in rent each month.
Forest Hills is seen as a very strong investment area in Cleveland, it is close to the Waterloo
District, Euclid, Bratenahl and the I90 (highway) Lakeshore is appealing for bus lines and bike
trails. The house is just 2 miles to the Famous Shoreby Club and the neighbouring community
Bratenahl. Bratenahl is one of the most exclusive residential areas in Cleveland where
properties can sell in the Millions.
Investment Calculations
Purchase price
$129,900
Gross annual rental income:
$38,400
Property running costs:(Tax, insurance and management costs)
$5,567
Net annual rental income:
$32,833
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
25%
Break even in
4 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 3

Price: 129,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 3 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 3
Posted From: United States, Ohio, Cuyahoga