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Updated about 8 years ago on . Most recent reply

User Stats

43
Posts
10
Votes
Timothy Brubaker
  • Rental Property Investor
  • Akron, OH
10
Votes |
43
Posts

Selling portfolio of 11 units will finance

Timothy Brubaker
  • Rental Property Investor
  • Akron, OH
Posted

Includes 9 unit building and a duplex. Fully rented. Recently rehabbed.

9 unit produces 4k a month duplex 1k a month gross income.

I am selling the package for 250,000.

I am willing to finance with 20% down over 40 years at 12% interest with monthly payments of only 2,017. 1167 pondview akron ohio 44305, 472 brittian rd.

The duplex the tenants pay all their own utilities including gas water and electric. Separately metered. Updates include 2 new furnaces 2 new hot water heaters, new plastic plumbing, new electric meters. Taxes just reduced.

9 unit updates include units being remodeled and brought up to code. New deck, new hot water heater. Owner pays water about 250 and gas in hallways about 60  and trash about 150. Tenants pay electric, includes electric heat from base board heaters. Taxes just reduced.

Properties are being managed by same manager he has been doing a great job and has done lots of remolding. Is possible to keep him as manager if buyer wishes.

Offering

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