*** ********* ***, ********, OH
15.52% return
SP:
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Property Description

CHARMING MULTIFAMILY IN OHIO!!!! 

Steal this property for only $33k/DOOR!! Do not miss out on this opportunity to invest in a town with a booming real esate market and economy. Rents in the area are between $600-$1200+ per month. Potential to generate a 15.5% NET RETURN after rents are raised! TONS OF RENTAL DEMAND and not enough rentals. Small businesses are popping up all over. Major employers include Kraft Foods, Mcwane Ductile, and Annin Flagmakers. 

Managmenet and finacning avaialble!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units6
  • Total bedrooms6
  • Total bathrooms6
  • Building size3376 sq. ft.
  • Lot size0.3 acres
  • Year built1900
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral Heat
  • CoolingCentral air

Property Financial Summary

  • Sale price $199,900
  • Estimated rehab 1 $0
  • Total investment $199,900
  • Type Proforma
  • Gross income (annually) $43,200
  • Operating expenses (annually) $12,180
  • Net income (annually) $31,020
  • Gross return 21.61%
  • Gross income (monthly) $3,600
  • Operating expenses (monthly) $1,015
  • Net income (monthly) $2,585
  • Net return 15.52%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath $600/month $7,200/year
  • Unit 2: 1 bed / 1 bath $600/month $7,200/year
  • Unit 3: 1 bed / 1 bath $600/month $7,200/year
  • Unit 4: 1 bed / 1 bath $600/month $7,200/year
  • Unit 5: 1 bed / 1 bath $600/month $7,200/year
  • Unit 6: 1 bed / 1 bath $600/month $7,200/year
  • Total $3,600/month $43,200/year
  • Expenses
  • Property Taxes $120/month $1,440/year
  • Water, Sewer and Waste $225/month $2,700/year
  • Gas Utility Bill $208/month $2,500/year
  • Insurance (estimated) $62/month $740/year
  • Maintenance reserve $125/month $1,500/year
  • Property Management $275/month $3,300/year
  • Total $1,015/month $12,180/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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