For sale about 2 months ago

$450,000

rooms 4+ ba 4000 sqft

4707 state rd, peninsula, OH 44264

Multiple Occupied

Current Rent

$3,775

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

3 house package

*Investor Special*: Fully rented, three-house package for sale. Hardwood floors throughout. You will have cash flow from day one with over 12% cash on cash return. Free property management for the first year available. These were model homes built in the 1950's which are now updated rentals. The property is nestled near the heart of Cuyahoga Valley National Park. With nature all around, this home will attract those who enjoy the outdoors and who desire privacy. Property is located in the desirable Hudson School District, too! This property boasts just over 1.25 acres of land on three lots - a prime location close to parks, skiing, highway, restaurants, and shopping. Don't let this one slip through your fingers! Home #1: A 4 BR, 2 BA, 1,402 sq. ft vinyl-sided, brick veneer, split-level home with half basement, sump pump, vinyl windows, 2 car garage and paved driveway on a large lot. It includes a hot tub, fire pit and swing set, too. Updated kitchen with quartz counter tops and new white cabinets. There is central air, new furnace, new roof, and new 200 amp electric panel along with many other updates. This home is currently occupied by the owners and they will rent from the buyers on a 1 year lease at $1,500 per month. Home #2: A 2 BR, 1 BA, 900 sq. ft. ranch with a crawl space, car port, and large yard. It rents for $900.Home #3: A 3 BR, 1 BA, 1,375 sq ft. ranch with many updates, a full basement, sump pump, and 2 car attached garage. It is currently rented for $1,375.

Location:

4707 state rd, peninsula, OH 44264

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*The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.