*** ********* ***, ********, OH
16.66% return
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Property Description

6 units in north-central Ohio! 

Fully occupied duplex and quad. All units are 2 x 1, with large bedrooms. Metered separately for electric. Lcoated 7 minutes away from the technical college. The average household income in the area is $49,000. Only $25k per door! Properties have the potential to generate a 16.66% CAP RATE!! 

Property management and financing available!

Property Information

  • Listing statusActive
  • Property typeMulti Family (2 properties)
  • Total units6
  • Total bedrooms12
  • Total bathrooms6
  • Building size6448 sq. ft.
  • Lot size6098.2 acres
  • Year built1890 - 1910
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $155,000
  • Estimated rehab 1 $0
  • Total investment $155,000
  • Type Proforma
  • Gross income (annually) $33,600
  • Operating expenses (annually) $7,772
  • Net income (annually) $25,828
  • Gross return 21.68%
  • Gross income (monthly) $2,800
  • Operating expenses (monthly) $648
  • Net income (monthly) $2,152
  • Net return 16.66%

Property Income & Expenses

  • Income
  • *** ********* ***, Duplex
  • Unit 1: 2 bed / 1 bath $450/month $5,400/year
  • Unit 2: 2 bed / 1 bath $450/month $5,400/year
  • *** ********* ***, Quadplex
  • Unit 1: 2 bed / 1 bath $475/month $5,700/year
  • Unit 2: 2 bed / 1 bath $475/month $5,700/year
  • Unit 3: 2 bed / 1 bath $475/month $5,700/year
  • Unit 4: 2 bed / 1 bath $475/month $5,700/year
  • Total $2,800/month $33,600/year
  • Expenses
  • Property Taxes $134/month $1,612/year
  • Water and Sewer $70/month $840/year
  • Maintenance reserve $120/month $1,440/year
  • Insurance (estimated) $83/month $1,000/year
  • Property Management $240/month $2,880/year
  • Total $648/month $7,772/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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