Turnkey Duplex
*** ********* ***, ********, OH
11.53% return
SP:
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Property Description

SOLID A CLASS PROPERTY!!!

Amazing neighborhood. Property is in great condition. All utilities are paid by the tenants. No deferred maintenance whatsoever. 10.32% NET RETURN ON INVESTMENT!! Located in a major MSA with 600k+ population. 

Do not miss out on this amazing opportunity!

Property Information

  • Listing statusCancelled
  • Property typeMulti Family
  • Total units2
  • Total bedrooms4
  • Total bathrooms2
  • Building size2154 sq. ft.
  • Lot size0.1 acres
  • Year built1951
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Sale price$135,000
  • Estimated rehab1$0
  • Total investment$135,000
  • TypeProforma
  • Gross income (annually)$21,600
  • Operating expenses (annually)$6,041
  • Net income (annually)$15,559
  • Gross return16.00%
  • Gross income (monthly)$1,800
  • Operating expenses (monthly)$503
  • Net income (monthly)$1,297
  • Net return11.53%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath$900/month$10,800/year
  • Unit 2: 2 bed / 1 bath$900/month$10,800/year
  • Total$1,800/month$21,600/year
  • Expenses
  • Property Taxes$215/month$2,581/year
  • Water, Sewer and Waste$80/month$960/year
  • Insurance (estimated)$83/month$1,000/year
  • Maintenance reserve$125/month$1,500/year
  • Total$503/month$6,041/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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