LEAN estates
MULTI-FAMILY REAL ESTATE INVESTMENTS

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Properties available by LEAN estates and partners.

Deals Available 

2-UNIT DUPLEX

2-UNIT DUPLEX

59,900.00

2067 Sullivant

Columbus, OH 43223

sold out
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SUMMARY

Collect $2,000/month OR MORE on this
4-Unit Property
In the Westside’s Cheviot Community!

3411 Daytona Ave.
Cheviot, Ohio

Perfect Starter Property

  • Priced to MOVE
  • Hot Cheviot Community
  • $20,000 estimated annual NOI
  • 80% of the needed renovations completed in 2015-2016
  • Less than $10k rehab remaining
  • Perfect small multifamily deal
  • Comps from $130K-$140

Investment Opportunity

  • Purchase Price: $59,900

  • Building Class: C

  • Location Class: C

  • Cap Rate > 10%

  • Management in Place

  • Low Down Payment: $7,350

  • Seller to Carry Back: $52,550

  • Rent Increase Upside

Pro Forma Value is $59,900 (based on the local market cap of 8%, 95% occupancy and 45% OE/GSI ratio). Per door, Pro Forma is $29,950.

Opportunity:

Excellent opportunity for an investor to get on board with a stable property which offers a significant upside with rent increases. Low cash requirement as Seller agrees to carry back $52,550 in financing for 60 months at 5% interest only.

Status:

Under contract. New Buyer will be assigned the contract to close.

 

 

Terms: For Sale by Wholesaler
Property Type: 2-Unit Duplex
Price: $59,900
Address: 2067 Sullivant Avenue
City: Columbus
State: OH
Zip Code: 43223

 

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This is an Off-Market Deal

For additional information and to request a LEAN Summary please submit below.

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