Four Bedroom House (ref. 41709376) - 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. 41709376)
Date & Time Listed: 2025-04-21 10:25:10 (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 two apartment multi family home is located in North Broadway which is just 4 miles
from Downtown Cleveland. This property is also just 1.6 Miles 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. One apartment has just been
refurbished and is now rent ready. The management company is currently screening for brand
new tenants, the apartment should achieve $1,000 – $1,250 in rent each month. The second
apartment will be renovated by Global Investments best contractors and will be supplied rent
ready to a Section 8 standard. The works will start after the new owner closes on the property,
When complete the management company will also place new tenants paying $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 1.6 Miles 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
$119,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$4,411
Net annual rental income:
$25,589
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
21%
Break even in
4.76 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 119,900.00 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