College Apartments
*** ********* ***, ********, OH
12.98% return
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Property Description


6 unit apartment complex located just 2 minutes from a major university. Rented below market. Building has new roof and parking lot! Separate electric meters. City water and sewer. The city is filled with a broad array of different attractions, such as restaurants, museums, art centers, etc. Call now for more info!!

Property management and financing available!!

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units6
  • Total bedrooms6
  • Total bathrooms6
  • Building size3754 sq. ft.
  • Lot size0.1 acres
  • Year built1970
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingBoiler
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $155,000
  • Estimated rehab 1 $0
  • Total investment $155,000
  • Type Proforma
  • Gross income (annually) $32,400
  • Operating expenses (annually) $12,284
  • Net income (annually) $20,116
  • Gross return 20.90%
  • Gross income (monthly) $2,700
  • Operating expenses (monthly) $1,024
  • Net income (monthly) $1,676
  • Net return 12.98%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath $450/month $5,400/year
  • Unit 2: 1 bed / 1 bath $450/month $5,400/year
  • Unit 3: 1 bed / 1 bath $450/month $5,400/year
  • Unit 4: 1 bed / 1 bath $450/month $5,400/year
  • Unit 5: 1 bed / 1 bath $450/month $5,400/year
  • Unit 6: 1 bed / 1 bath $450/month $5,400/year
  • Total $2,700/month $32,400/year
  • Expenses
  • Water and Sewer $200/month $2,400/year
  • Waste Collection $85/month $1,020/year
  • Insurance $167/month $2,000/year
  • Property Taxes $332/month $3,984/year
  • Property Management $240/month $2,880/year
  • Total $1,024/month $12,284/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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