Turnkey Properties
Property Overview
- Property Type: 2-FAMILY HOME
- 2 BED
- 950 SQFT
- 1 BATH
- 1 Garage
Additional Information
- Cap Rate: 7%
- Current Rent: $2,000
- Cash on Cash Return: 6%
- Current Status: Vacant
- Lease Term: -
- Utilities: Tenant Pays Gas & Electric
Renovations
Exterior
– New chimney cap
– Professional landscaping
– Replace rear steps
– Paint exterior doors
– New door hardware
Garage
– Roof replacement
– Siding repairs
– New gutters and downspouts
Interior
– New glass block windows in basement
– New paint throughout
– New 100 amp panels for each unit
– New gang meter base for each unit
– New outlets and switches throughout
– GFCI outlets installed where required
– New Light fixtures throughout
– New smoke and C/O detectors
– New waterlines and shutoff in kitchen and baths
– New granite countertops in kitchens
– New faucets in each kitchen
– Update cabinets with fresh paint in each kitchen
– New cabinet pulls
– New LVP in rear hallways, steps and landings
– New LVP in kitchen and bathrooms
– Restore hardwoods in living room and dining room
– New digital thermostat
– New handrail in rear hallway
– New doorknobs as needed
Down Unit Bath
– New tile tub surround
– Tub professionally glazed
– New shower valve and faucet
– New vanity and faucet
– New light fixture
– New toilet
– New baseboards
Up Unit Bath
– New vanity and faucet
– New mirror
– New light fixture
– New toiler
– New baseboards
Pro Forma
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