CASH COW
*** ********* ***, ********, OH
15.55% return
SP:
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Triplex 1520, 1522, 1524
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Property Description

INSANE OPPORTUNITY!! Very high returns. 

Package of two fully renovated triplexes. Everything has been redone. Both buildings have new roofs, new siding, new kitchens, new bathrooms, new floors, new plumbing, and new electrical with separate meters for each unit. 

These are the current picuters of the properties. The property taxes and expenses are low for a long term double digit return. 

Currently fully occupied and completely turnkey! Do not miss out on this one.

Property Information

  • Listing statusActive C
  • Property typeMulti Family
  • Total units6
  • Total bedrooms16
  • Total bathrooms6
  • Building size5134 sq. ft.
  • Lot size0.5 acres
  • Year built1943
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofMetal, Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingFORCED AIR
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $245,000
  • Estimated rehab 1 $0
  • Total investment $245,000
  • Type Actual
  • Gross income (annually) $50,400
  • Operating expenses (annually) $12,310
  • Net income (annually) $38,090
  • Gross return 20.57%
  • Gross income (monthly) $4,200
  • Operating expenses (monthly) $1,026
  • Net income (monthly) $3,174
  • Net return 15.55%

Property Income & Expenses

  • Income
  • *** ********* ***, Triplex #1
  • Unit 1520: 4 bed / 1 bath $1,000/month $12,000/year
  • Unit 1522: 2 bed / 1 bath $600/month $7,200/year
  • Unit 1524: 2 bed / 1 bath $600/month $7,200/year
  • *** ********* ***, Triplex #2
  • Unit 1523: 2 bed / 1 bath $600/month $7,200/year
  • Unit 1601: 2 bed / 1 bath $600/month $7,200/year
  • Unit 1603: 4 bed / 1 bath $800/month $9,600/year
  • Total $4,200/month $50,400/year
  • Expenses
  • Property Taxes $172/month $2,070/year
  • Water bill $200/month $2,400/year
  • Insurance $92/month $1,100/year
  • Pest Control $17/month $200/year
  • Maintenance reserve $125/month $1,500/year
  • Property Management $420/month $5,040/year
  • Total $1,026/month $12,310/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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