Five Bedroom House (ref. 41709652) - Houses for Sale, Real Estate - Number of Bedrooms: 5, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Five Bedroom House (ref. 41709652)
Date & Time Listed: 2025-05-19 10:09:47 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large two apartment multi-family home is located on a very nice street in Woodland
Hills, just 2 miles from the famous Shaker Square, one of the biggest attractions in
Cleveland. Shaker Square is full of restaurants, bars, boutiques and even has a cinema.
The property is divided into two large apartments, you have a large two bedroom
apartment downsatairs and another large three bedroom upstairs. Both apartments have
tenants in place paying $700 in rent each month. The current market rent for the
apartments is closer to $1,000 each month. Included in the price is a Sellers Rental
Contribution of $7,200 which equates to $300 for 12 months ( Each apartment ) which
gives the new owner the current market rent for the first year, This will be credited to the
buyer on closing.
Woodland Hills is viewed as a very central location in Cleveland Ohio, it is just 5 miles from
Downtown Cleveland, just 3 miles from the University Circle & only 2 miles from Shaker
square. There are many new built homes being built in this area, increasing the value or
surrounding properties with a good potential for capital appreciation. New builds are
selling for over $300,000.
Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$24,000
Property running costs:(Tax, insurance and management costs)
$4,329
Net annual rental income:
$19,671
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
20%
Break even in
5 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 5
Number of Bathrooms: 2

Price: 99,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 5, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga