Turnkey Properties
$174,900
Property Overview
- Property Type: 2-FAMILY HOME
- 2 Units: 2 Bed
- 1,900 Sqft Each
- 1 Bath Each
- 1 Garage
Additional Information
- Cap Rate: 8%
- Current Rent: $1,750
- Cash on Cash Return: 9%
- Current Status: Fully Occupied
- Lease Term: 09/30/24 (Both Units)
- Utilities: Tenant Pays Gas & Electric
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Renovations
Major Renovations:
Kitchens
– New cabinets
– New dishwashers
– New faucets and drains
– New LVP and baseboards
– New stove vent and wiring
Bathrooms
– New ceramic tile surrounds
– New posi temp & shower fixture
– Glaze bathtub and caulk
– New vanity base w/ faucet
– New toilet
– New mirror
– New LVP flooring and subfloor repairs
General Upstairs
– Paint throughout
– Door and trim repairs throughout
– LVP in Living room, dining room, hallway
– New carpet in bedrooms
– Smoke detectors throughout
– New interior doors where needed
– New door hardware
– Remove low voltage throughout
General Downstairs
– Paint throughout
– New entry door
– New interior doors as needed
– New door hardware
– LVP in living room, dining room, hallway, front bonus room
– New carpet in bedrooms
Basement
– Plumbing repair
– Replace stack and plumbing
– New drain covers
– Paint and tuckpointing basement walls
– Remove low voltage wires
– New glass block windows
Exterior
– Repair and paint railing
– Tuck point front porch ad stucco foundation
– Secure and stain front steps
– New rear steps
– Remove all low voltage wiring
– New trim at back door
– Remove gate at fence
– Repairs on wooden fence
– New exterior paint
Pro Forma
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Property Management
Our property management division, RE/MAX Haven Property Management, manages a portfolio of thousands of properties in the Cleveland & Akron areas. We specialize providing a worry-free property management experience. With over 30 full time employees, we offer dedicated service departments for maintenance, city/utility liaison, tenant support and marketing.
Buying Options
Cash and most financing (including DSCR, SDIRA, etc.). Referrals for lenders available upon request.
$1,000 seller credit toward interest rate buy down.
