*** ********* ***, ********, OH
12.46% return
SP:
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Property Description

8 units fully occupied! 

Built in 1940, all brick exterior building with a paved parking lot. 6 out of the 8 units are remodeled. 12.46% NET RETURN ON INVESTMENT!! All units boast galley kitchens, a dining area, a large living room, and 2 bedrooms and a full bath. Coin laundry on site. Proprety is in great condition. Brand new roof and new electric! 

Professionaly property management and financing available!

Property Information

  • Listing statusCancelled
  • Property typeMulti Family
  • Total units8
  • Total bedrooms16
  • Total bathrooms8
  • Building size7040 sq. ft.
  • Lot size0.5 acres
  • Year built1970
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofFlat
  • Water sourceCity water
  • Water disposalSewer
  • HeatingElectric Base Board
  • CoolingWall A/C

Property Financial Summary

  • Sale price$369,000
  • Estimated rehab1$0
  • Total investment$369,000
  • TypeActual
  • Gross income (annually)$69,600
  • Operating expenses (annually)$23,640
  • Net income (annually)$45,960
  • Gross return18.86%
  • Gross income (monthly)$5,800
  • Operating expenses (monthly)$1,970
  • Net income (monthly)$3,830
  • Net return12.46%

Property Income & Expenses

  • Income
  • Laundry Income$200/month$2,400/year
  • Unit 1: 2 bed / 1 bath$625/month$7,500/year
  • Unit 2: 2 bed / 1 bath$625/month$7,500/year
  • Unit 3: 2 bed / 1 bath$725/month$8,700/year
  • Unit 4: 2 bed / 1 bath$725/month$8,700/year
  • Unit 5: 2 bed / 1 bath$725/month$8,700/year
  • Unit 6: 2 bed / 1 bath$725/month$8,700/year
  • Unit 7: 2 bed / 1 bath$725/month$8,700/year
  • Unit 8: 2 bed / 1 bath$725/month$8,700/year
  • Total$5,800/month$69,600/year
  • Expenses
  • Water and Sewer$500/month$6,000/year
  • Gas Utility Bill$67/month$800/year
  • Waste Collection$90/month$1,080/year
  • Property Taxes$333/month$4,000/year
  • Insurance$200/month$2,400/year
  • Property Management$280/month$3,360/year
  • Maintenance reserve$500/month$6,000/year
  • Total$1,970/month$23,640/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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