Four Bedroom House (ref. 41709683) - 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. 41709683)
Date & Time Listed: 2025-09-08 10:08:27 (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 two apartment multi family home is located in South Broadway which is just 5 miles from Downtown
Cleveland. This property is also in the heart of Broadway Slavic Village just 1 a short walk from the centre of
Slavic Village, one of the most demanded areas in Cleveland due to the new build homes increasing in the area.
The property is divided into two large apartments. You have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs. The property will be renovated by Global
Investments best contractors and will be supplied rent ready to a Section 8 standard. 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 $1,000 – $1,250 in rent each month with Section 8 housing.
South Broadway is just South of Slavic Village which is going through large development projects. This is one of
the most up and coming areas in the City and in huge demand by investors due to new build properties
increasing the value of the properties in the surrounding areas. The house is less than 1 mile to the centre of
Slavic village and also just bordering on the famous Garfield Heights, one of the most desirable areas in
Cleveland.
Investment Calculations
Purchase price
$119,900
Gross annual rental income:
$30,000
Property running costs:(Tax, insurance and management costs)
$5,446
Net annual rental income:
$24,554
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