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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
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21% Cash-on-Cash Off Market Opportunity in Columbus, Oh.

Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Posted Sep 13 2017, 05:34

FULL PROPERTY REPORT HERE

N. Huron is a 2,480 sq. ft. duplex located adjacent to the desirable Westgate Neighborhood. Each side is a 3BR 1.5BA with full basement. Current occupancy is 100% with long-term tenants paying $700 per side. The current opportunity is to acquire this property prior to listing in approximately 2-weeks. Hypothetical Insight is seeking early interest in acquiring at a substantial discount off of list price, which will be $115,000. This is a stable cash-flowing asset with verified comparable sales that put this as a good buy closer to the $100,000 price point. Market rents for 3BR units are closer to the $800/mo. price point, so there is a significant upside here. Using a leveraged acquisition at 75%LTV shows a 21% Cash-on-Cash return when rents approach market rate.

Questions to [email protected]  

Offering

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