Turn-Key Triplex, 20% CAP!

[Victor Foo]

Contract for 305 N. Pleasant St, Georgetown, OH 45121

3 Bed, 3 Bath
2450 SF
Built in 1920

Total Rents: $1550/month
Property Management: 10%
Utilities: $3986/yr
Tax: $360/yr
Insurance $500/yr
Water/Sewer/Trash: $400/yr

NOI: $11,494
20% CAP

Fully rented triplex with property management in place. Current owner is meticulous with the property and its upkeep. Heat furnaces are serviced every two years, new plumbing was just installed last year. Exterior paint and siding were just redone.

Quiet, friendly neighbourhood. Stable, no crime; neighbours look out for each other. Close to Georgetown elementary and Georgetown Jr/Sr High, restaurants and shopping.

Comps:
401 N. Main St., sold 04/15/15, $133,333
206 W. Grant Ave., sold 08/13/15, $82,667
302 W. Plum St., sold 12/17/15, $68,000
106 N. Pleasant St., sold 01/02/15, $273,333
305 Andrews Ave., sold 02/03/16, $88,500

Asking: $57,470