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Property Sales - 41699342 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

Type:
Property ID:
Location :
Added On :
Price :
House
41699342
City of Cleveland, USA
30 Nov 2023
£ 83,139 / € 94,975 / $ 97,900

Short Description

This four bedroom multi unit is amazing value at $97,900..

Key Information

  • Property ID: 41699342
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 83,139 / € 94,975 / $ 97,900

Full Description

This great large two apartment multi family home is very well located in Cudell on the
Westside of Cleveland. The house is just a short walk to The Amazon Hub @ 10801
Madison Avenue.
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 a tenant in place paying $700 in rent each month and the other apartment also
has a tenant in place paying $550 in rent each month. The current market rent for the
apartments is closer to $750 – $950 each month.
Cudel is located on the Westside and viewed as desirable location in Cleveland Ohio, it
is just 5 miles from Downtown Cleveland and just 2 miles from Detroit Shoreway which
is one of the best areas in Cleveland. The property is also only 5 minutes from
Edgewater park which features 9000 feet of shoreline, dog and swim beaches, boat
ramps, fishing pier, picnic areas and grills

Investment Calculations
Purchase price
$97,900
Gross annual rental income:
$15,000
Property running costs:(Tax, insurance and management costs)
$3,704
Net annual rental income:
$11,296
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

12%

Break even in

8.3 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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