Large Quadplex!!!
*** ********* ***, ********, OH
16.10% return
SP:
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Property Description

AWESOME INVESTMENT!!! 

Large quadplex, located in a major city. New roof installed 3 years ago! No maintenance needed. Rents need to be increased. Separate electric and gas meters. PROPERTY WILL GENERATE A 16.10%+ NET RETURN ON INVESTMENT!!! All brick construction. Minutes away from downtown and the river. Tons of industry in the city. Will not last! 

Property management and financing is available.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units4
  • Total bedrooms8
  • Total bathrooms4
  • Building size6864 sq. ft.
  • Lot size0.1 acres
  • Year built1917
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $145,000
  • Estimated rehab 1 $10,000
  • Total investment $155,000
  • Type Proforma
  • After repair value $200,000
  • Potential profit $45,000
  • Gross income (annually) $31,200
  • Operating expenses (annually) $6,243
  • Net income (annually) $24,957
  • Gross return 20.13%
  • Gross income (monthly) $2,600
  • Operating expenses (monthly) $520
  • Net income (monthly) $2,080
  • Net return 16.10%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $650/month $7,800/year
  • Unit 2: 2 bed / 1 bath $650/month $7,800/year
  • Unit 3: 2 bed / 1 bath $650/month $7,800/year
  • Unit 4: 2 bed / 1 bath $650/month $7,800/year
  • Total $2,600/month $31,200/year
  • Expenses
  • Property Taxes $170/month $2,043/year
  • Maintenance reserve $167/month $2,000/year
  • Insurance (estimated) $83/month $1,000/year
  • Water and Sewer $100/month $1,200/year
  • Total $520/month $6,243/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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