REDUCED PRICE!!! Cash Flowing Duplex for Sale in Columbus - Potential 25% ROI

[Dustin Faeth]

Don’t Miss Out on This Duplex in Great Condition for Sale in Hungarian Village area of Columbus, Ohio.

Each side is 3 bed/1bath. Asking Price $38,000. Currently one side is rented until Feb. 26, 2014 at $420/month (below market rentdue to current property management model) and the other side is recently vacant but has now been painted, and a new kitchen added...only repairs needed are a new H2O heater and downstairs carpets cleaned and it will be ready to rent. Average rent for a 3 bedroom in this area is $550-$650/month, so this has great cash flow potential. (Ignore the boarded windows in the Video Tour – All windows are in perfect shape but have been boarded up for security on the vacant side that has been recently updated)

Monthly Income

Total Potential Rent - $1000+ ($420 from current tenant plus $550+ for new tenant placed in vacant side)

Monthly Expenses

Taxes Per Month - $65
Property Mgmt Per Month - $80
Property Insurance Per Month - $50Miscellaneous Expenses Per Month - $50

Purchase Price - $35,000Total Repair Cost - $750 (new H2O heater and cleaning downstairs carpet)

POSITIVE MONTHLY CASH FLOW POTENTIAL - $755 = 25% ROI !!!

This deal won’t last long so contact me ASAP with any questions or if you are interested in viewing the property or making an offer!!