Six Bedroom House (ref. 41709752) - Houses for Sale, Real Estate - Number of Bedrooms: 6, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Six Bedroom House (ref. 41709752)
Date & Time Listed: 2025-06-05 14:53:42 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This fantastic large two apartment multi family home is located in North Collinwood, right next to the
Lakefront and close to the new Amazon facility. The house is less than 2 miles to the centre of the
Waterloo Arts District, known as a bustling area with art studios, entertainment, restaurants, bars and
retail, it is the place to go out on the Eastside of Cleveland.
The property is divided into two large three bedroom apartments. The property will be renovated by
Global Investments best contractors and will be supplied rent ready to a Section 8 standard. Included in
the work is a brand new roof, new kitchens, updated bathrooms, updated floors, updated pluming and
electrics and also repaired exterior siding. 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 $1,100 – $1,500 in rent each month based on current Section 8 housing rates.
The Waterloo Arts District is a funky, indie community, with lots of cool little galleries and studios. You
can hear live music at one of the best venues in the country or browse an awesome indie music store.
The coffee shops roasts all their own beans, and there are plenty of great places to eat within a fiveminute drive.Just ten minutes to downtown Cleveland, the Lakefront is also just five minutes away.
Investment Calculations
Purchase price
$129,900
Gross annual rental income:
$36,000
Property running costs:(Tax, insurance and management costs)
$5,528
Net annual rental income:
$30,472
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
24%
Break even in
4.16 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 6
Number of Bathrooms: 2

Price: 129,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 6, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga