4-Plex in Cincinnati - Vacant - Some Rehab needed

[Peggy Beene]

Total square footage for all units is 3360.  4 car garage.

Built 1959

Estimated Rehab: $25K - $30K

ARV: $175,000

• estimated after rehab
• $500 for both 1 bedrooms
• $600 for both 2 bedrooms
• From OCF: Monthly Rent: $2,050 ; Annual Rent $24,600
• Annual Net Return $17,432 ; Cap rate 11%
• Annual Expenses: Property Tax $4,000 ; Insurance $1,200 ; Management $1,968
• This is in a B/C+ class area
• Pictures + Repair List - Please contact me