Columbus, OH 43223
Collect $2,000/month OR MORE on this
In the Westside’s Cheviot Community!
3411 Daytona Ave.
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
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.
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.
Under contract. New Buyer will be assigned the contract to close.
Terms: For Sale by Wholesaler
Property Type: 2-Unit Duplex
Address: 2067 Sullivant Avenue
Zip Code: 43223
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This is an Off-Market Deal
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