All Forum Posts by: Charlene Gaard

Majestic looking duplex offers great space and even better CASHFLOW!!! Currently vacant with boths sides rent ready property manager has applications for BOTH sides with each paying 700 per month!

Majestic looking duplex offers great space and even better CASHFLOW!!! Currently vacant with boths sides rent ready property manager has

applications for BOTH sides with each paying 700 per month!

4plex in the heart of redevelopment area! $89,000

Currently 1 unit is rented for $600 per month. The other 3 have been previously rented for $600 + $400 + $400. Vacant units are clean and rent ready. That's $2000 gross income per month. Baseboard heat with all units metered separately for electric. With a little work remaining from last tenants move out this could be a true home run property! The white stuff on the hardwood floors is white paint. A contractor said that it is likely they can clean that off so the hardwood floors would be able to remain! Taxes are only $941 per year currently. This could make a great addition to an investor's portfolio! Please note that while this has been used as a 4plex the legal zoning is as a duplex so a variance may be needed.

Proforma


Gross Operating Income $24000

Expenses

Annual Property taxes $941
Property Management $2400
Insurance $800

Total $4141

Net Operating Income $19,859

Purchase Price $89,000

Becky - 

Sorry we just accepted an offer on it this morning! Thanks! 

INVESTORS TAKE NOTE OF THIS cute 3 bedroom 1.5 bath brick ranch. Tenant occupied with lease thru 6/30/19 for $695/month.

Sorry I was posting and talking to an investor on the phone at the same time - obviously not multi-tasking well! 

Here's the link:

Click the following link to view the Listings:
https://matrix.miborblc.com/DE.asp?ID=1977795402

Thanks! 

Check out this great investment opportunity right in the middle of the St Claire Place development. Two duplexes side-by-side. Two units are currently rented and generating $500/month in gross income.  One unit is rented for $480 a month. Last unit is move-in ready.  Each unit is a large 1 bed, 1 bath unit with lots of upgrades.

Hamilton County CASH COW! Exceptionally well maintained multi-use unit building in the center of Arcadia! Currently used as 7 apartments and 3 storage/industrial units in the rear. Each apartment unit has a washer, dryer, refrigerator, range oven, and microwave. Unit rents total $4685 per month, or $56,220 per year. Tenants pay electric, water, and sewer charges. Owner pays common electric and trash.