*** ********* ***, ********, OH
14.70% return
SP:
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Property Description

Awesome opportunity!!! Fully occupied and completely turnkey. This cute little quadplex will generate an amazing 14%+ net return on investment after expenses and management. Great tenants. Beautiful city. Units are large and spacious with high ceilings. 500k+ in the MSA. Do not miss out on this cheap investment property.

Property Information

  • Listing statusActive C
  • Property typeMulti Family
  • Total units4
  • Total bedrooms4
  • Total bathrooms4
  • Building size2688 sq. ft.
  • Lot size0.3 acres
  • Year built1900
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingFLOOR FURNACE
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $95,000
  • Estimated rehab 1 $5,000
  • Total investment $100,000
  • Type Actual
  • After repair value $125,000
  • Potential profit $25,000
  • Gross income (annually) $22,560
  • Operating expenses (annually) $7,861
  • Net income (annually) $14,699
  • Gross return 22.56%
  • Gross income (monthly) $1,880
  • Operating expenses (monthly) $655
  • Net income (monthly) $1,225
  • Net return 14.70%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath $485/month $5,820/year
  • Unit 2: 1 bed / 1 bath $485/month $5,820/year
  • Unit 3: 1 bed / 1 bath $485/month $5,820/year
  • Unit 4: 1 bed / 1 bath $425/month $5,100/year
  • Total $1,880/month $22,560/year
  • Expenses
  • Property Taxes $140/month $1,685/year
  • Insurance (estimated) $125/month $1,500/year
  • Lawn care $35/month $420/year
  • Maintenance reserve $167/month $2,000/year
  • Property Management $188/month $2,256/year
  • Total $655/month $7,861/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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