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Property Sales - 41707493 - 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
41707493
City of Cleveland, USA
07 Nov 2024
£ 80,591 / € 92,064 / $ 94,900

Short Description

This four bedroom multi unit is amazing value at $94,900..

Key Information

  • Property ID: 41707493
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 80,591 / € 92,064 / $ 94,900

Full Description

This large multi-family home is located on a nice street in Corlett and is just one mile
and four minutes from John Adams College, one of the leading 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 property also
has tenants in place in both apartments paying $1,100 in rent each month. Both
tenants are Section 8 housing so the rent is paid direct to the landlord via the City. The
house is under management with a great local Cleveland property management
company.
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7 miles from
Downtown and 5 miles from University Circle. Also just 1.5 miles away you have Lee
Harvard shopping centre. The property is also just 4 minutes to John Adams College,
one of the best schools in Cleveland.

Investment Calculations
Purchase price
$94,900
Gross annual rental income:
$26,400
Property running costs:(Tax, insurance and management costs)
$4,723
Net annual rental income:
$21,677
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

23%

Break even in

4.34 Years.

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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