4 unit / fourplex / quad is THE BEST property to finance! (VIDEO)

James WisePoster

#3 All Forums Contributor

Real Estate Broker
Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH

Posted January 24, 2018 12:03

FOR SALE

485 Center Rd
Bedford, Ohio
$187,400

The name of the game is responsible use of leverage. 4 unit properties are the BEST properties to use leverage on. They are the LARGEST property that still qualifies for a 30 year residential loan. DO NOT LET THIS ONE SLIP AWAY. Take a look at the video below. Holton-Wise Co-Founder James Wise provides a complete investment analysis of this property along with a video tour of this high quality Cash Cow!

4 unit / fourplex / quad is THE BEST property to finance; 485 Center Rd, Bedford, Ohio

CLICK HERE to see the grade that this neighborhood got.

485 Center Rd HIGHLIGHTS

4 Total units
100% occupied
Each unit is 2 beds & 1 bath
Each unit is 700 sq ft
Unit 1 rented for $750/mo (CMHA agreement. Tenant has been in unit since 2006)
Unit 2 rented for $750/mo. (Tenant has been in unit since 2013)
Unit 3 rented for $750/mo. (Tenant has been in unit since 2015)
Unit 4 rented for $664/mo. (CMHA agreement. Tenant has been in unit since 2013)
Total rental income $2,914/mo
Leases available upon request
Market rent could be increased to $775/mo for all 4 units
Total market rent $3,100
Zero upfront repairs needed
All security deposits will transfer from sell to the new owner's property manager
Unit 1 security deposit is $725
Unit 2 security deposit is $750
Unit 3 security deposit is $750
Unit 4 security deposit is $750
Building built in 1978
1 central boiler for the entire building
4 a/c units
Tenants pay electric
Owner pays heat, water & sewer
Annual property taxes are $6,154 per year

CLICK HERE FOR MORE INFORMATION

CLICK HERE IF YOU WOULD LIKE YOUR PROPERTY TO BE SOLD ON ONE OF THESE EMAILS

OVER $75 MILLION SOLD

CLICK HERE IF YOU WOULD LIKE TO LOWER YOUR INSURANCE PREMIUM

Copyright © 2018 The Holton-Wise Property Group, All rights reserved.
The Holton-Wise Property Group does not doubt the accuracy of any of the information contained herein. However we have not verified it and make no guarantee, warranty or representation about it. Properties listed herein may be listed by brokerages other than The Holton-Wise Property Group. It is your
responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of any property. Actual results may vary from any projections, opinions, assumptions, or estimates and you should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

The Holton-Wise Property Group
4207 Brookpark Rd. Parma, Ohio. 44134.
216-661-6633

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My name is James Wise & I am the Co-Founder/Broker at Holton-Wise. I would like to introduce you to a series of videos we at Holton-Wise are going to be regularly putting out on our YouTube Channel. The purpose of these videos is to provide both seasoned and novice Real Estate Investors & Agents insight into how this business really works. Property Management is one of the craziest businesses out there & there is so much that a new investor &/or Agent doesn't know that they don't know. Knowledge is power & we would like to give you guys as much knowledge as possible when you are deciding on investing your limited time & hard earned dollars in Real Estate.

I would like to start off by saying that I am a firm believer in being as transparent as possible, especially when dealing with something as important as Real Estate Investing. As such, I have included my personal Instagram account HERE for you to follow. The purpose me giving you this account is for me to peel back the curtain of my life and allow you to get to know me personally as well as the owner of this business and see things through the prism of a fellow Real Estate Investor & Property Manager.

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