Real Estate Broker · Columbus, OH · Member since 2016 · 86 posts · 45 votes
CASH COW!!!!! 4 units bringing in $2,800 per month! One unit open for showings.
FOUR three bedroom, one bath, units in two separate, RANCH, brick buildings. Tenants pay utilities, except water, which is paid by the owner. The 2 front units, and one back unit were rehabbed this year and are on fresh, 1 year leases. One vacant unit can be shown.
Hello everyone. This property is now in contract. However, I do have other properties, on market, and off market, available. E-mail me your wants / needs, how you are funding, and your expected return. I can then match your needs and expectations to properties. Because we buy / sell / manage, we have lots of properties with permanent "we buy houses" signs. They feed our "off market" opportunities. We specialize in buy, rehab, rent, and turn key.
In B areas returns are 1%. In C & D areas returns are 1.5%, and occasionally in D areas 2%. I have one right now, I'm listing today at $48k, that gets $900 in rent. Tenants are in place, and have been then a year.
I'll be e-mailing available properties to everyone who responded to this tomorrow. However, a 22 unit brick complex just came up at $950k if anyone is interested. Tenants pay all utilities. Rents are $625.00 each. C+ area. It is an excellent, financeable, opportunity. It will probably go to highest and best, so plan for $975k. E-mail me at [email protected] for the mls sheet!