Four bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 4 Bed Townhouse £51,478 | €57,328 | $69,900 Request a Currency Exchange Quote Here

This huge four bedroom multi unit is a rare find at $69,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41603038

This fantastic large multi-family home is located in Buckeye Shaker and is only three
minutes and walking distance from the centre of the famous Shaker Square. Shaker
Square is one of the biggest attractions in Cleveland and is full of restaurants, bars,
boutiques and even has a cinema.
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 has a good long term tenant in place in one apartment paying $750 each
month in rent. The second apartment has just been made rental ready and the
management company will be placing a brand new tenant when the new owner closes
on the property paying $600 – $750 in rent each month.

Buckeye Shaker is seen as a very strong investment area in Cleveland, less than 1 mile
away you have the famous Shaker Square. The house is also just a short walk to
Larchmere Blvd which is host to a multitude of many quality cafe’s, restaurants, beauty
salons, fashion shops and many small businesses. This house is extremely well located.

 

Investment Calculation

Purchase price: 69,900

Gross annual rental income: $18,000

Property running costs: $3,320
(Tax, insurance and management costs)

Net annual rental income: $14,680

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 21%

Break even in 4.76 Years
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