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Property Sales - 41699976 - 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
41699976
City of Cleveland, USA
02 Jan 2024
£ 81,441 / € 93,035 / $ 95,900

Short Description

This four bedroom house is a rare find at $95,900..

Key Information

  • Property ID: 41699976
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 81,441 / € 93,035 / $ 95,900

Full Description

This fantastic two apartment multi family home is located on a very nice street in the sought
after area of South-Collinwood, it is just five minutes from the Lakeshore and only 1.3 miles to
Collingwood High School, one of the best schools 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. The upstairs apartment has a tenant
in place paying $1,000 in rent each month and the downstairs apartment also has a tenant in
place paying $725 in rent each month. The property is under management with a great local
Cleveland property management company.
South-Collinwood is seen as a very strong investment area in Cleveland, this area is surrounded
by some great neighbourhoods like University Heights, Glenville, Richmond Heights and Euclid,
The property is just 1.3 miles to Collinwood High School one of the best schools in Cleveland.
This is one of our most demanded areas by investors

 

Investment Calculations
Purchase price
$95,900
Gross annual rental income:
$20,700
Property running costs:(Tax, insurance and management costs)
$3,499
Net annual rental income:
$17,201
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

18%

Break even in

5.5 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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