Turnkey properties
20 Unit Building | 9 1-Bed, 11 Studio
Purchase Price $1,600,000.00
| Property Type | Cap Rate | Cash on Cash Return |
|---|---|---|
|
Property Type
Commercial |
Cap Rate
3% |
Cash on Cash Return
4.99% |
| Current Status | Projected Rent | Utilities |
|---|---|---|
|
Current Status
Partially Occupied |
Projected Rent
$16,350 |
Utilities
Tenant Pays Electric |
Major Renovations:
– New Flat Roof
– Restored Parking Lot with New Lines
– Professional Landscaping
– Professionally Installed Vinyl Windows
– New Commercial Door
– New Common Area Furniture (Will Stay with the Property)
– New LVP Flooring Throughout
– Fresh Paint Throughout
– New Fixtures Throughout
– Full Electrical Upgrade, $50,000 in Electrical Work
– All Units Upgraded from Top to Bottom
– Upgraded Kitchens
– New granite countertops
– New Backsplash
– New Cabinets
– New Fixtures
– New dishwasher, stove, fridge
– Updated Bathrooms
– New fixtures
– New Vanities
– Custom Tile
– Upgraded Laundry Area
– New HVAC
– New Boiler
– New Hot Water Tank
– New Window AC Units
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.
Cash and most financing (including DSCR, SDIRA, etc.). Referrals for lenders available upon request.
