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Duplex For Sale - 12% Cap

1701-1703 Elaine Road Columbus, OH 43227
Price:
$135,000
Address:
1701-1703 Elaine Road
City:
Columbus
State:
OH
Zip:
43227
Bedrooms:
5
Bathrooms:
2.5

three BEDROOMs /two BEDROOMs DUPLEX - This is a great cash flow property near Hamilton Rd. that is fully rented with a gross income of $2500/mo. This newly remodeled brick duplex is complete furnished and rented as shared living at $500/room x 5 BEDROOMs. Landlord is responsible for utilities. Everything is new: roof, gutters, windows, furnace, h2o heater, flooring, kitchen, baths, lights, electrical, and plumbing. GREAT INVESTMENT OPPORTUNITY = GROSS RENT $2,500/mo., PITI - $1,100/mo., NET INCOME = $1,400/mo. --> CAP RATE 12.4% This property is setup to sell quickly. NO CLOSING COSTS or TITLE TRANSFER!!! Deed is in a dedicated LLC and the sale will be a transfer of ownership.

Extra Information for 1701-1703 Elaine Road Columbus, OH 43227
  • Seller Type: By Owner
  • Category: Multi-Family Residences for Sale
  • Square Feet: 1704
  • Year: 1963
  • Listed Date: Jan 04, 2019

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