*** ********* ***, ********, OH
14.55% return
SP:
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Property Description

Brick beauty packed with potential! 

5 units + a single family home. SUPER LOW EXPENSES! Large units, can be converted to 2/1 and increase rents even more. Bonus income with garage rental. Easy to manage. GREAT PAYING TENANTS! New HVAC and electrical breakers in 2018. Will generate a 14.55% NET RETURN after rents are rasied! 

Property management and financing available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units6
  • Total bedrooms8
  • Total bathrooms6
  • Building size7196 sq. ft.
  • Lot size1.0 acres
  • Year built1831
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick/Frame, Frame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingGas
  • CoolingCentral air, Window A/C

Property Financial Summary

  • Sale price $312,000
  • Estimated rehab 1 $0
  • Total investment $312,000
  • Type Proforma
  • Gross income (annually) $56,100
  • Operating expenses (annually) $10,700
  • Net income (annually) $45,400
  • Gross return 17.98%
  • Gross income (monthly) $4,675
  • Operating expenses (monthly) $892
  • Net income (monthly) $3,783
  • Net return 14.55%

Property Income & Expenses

  • Income
  • Garage $300/month $3,600/year
  • Main
  • Unit 1: 1 bed / 1 bath $695/month $8,340/year
  • Unit 2: 1 bed / 1 bath $695/month $8,340/year
  • Unit 3: 1 bed / 1 bath $695/month $8,340/year
  • Unit 4: 1 bed / 1 bath $695/month $8,340/year
  • Unit 5: 1 bed / 1 bath $695/month $8,340/year
  • Single Family Home
  • Unit 1: 3 bed / 1 bath $900/month $10,800/year
  • Total $4,675/month $56,100/year
  • Expenses
  • Property Taxes $242/month $2,900/year
  • Water, Sewer and Waste $125/month $1,500/year
  • Gas Utility Bill $125/month $1,500/year
  • Electric bill $250/month $3,000/year
  • Insurance (estimated) $150/month $1,800/year
  • Total $892/month $10,700/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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