Property Description:
This duplex is in Franklinton area, S Wayne Ave, 43204 and it has a great potential for cashflow! It has one side rented for $550 (way below market value) on M2M. The other side is close to completing rehab and ready to rent easily for $700-$750 (There is a potential renter who is working with the current owner and ready to move in mid August for $675. Lease not signed yet). Each unit has 2 beds and 1 bath. The property overall is a good investment with little need for any updates. Let me know what you think!
Asking price: $85,000 OBO
Rental income: Potential for $1400-$1500 per month
Building type: Duplex
Attractive features:
1) This property is in great condition and the current owner has taken great care of it and has owned it for more than 15 years. He is selling because he wants to retire.
2) The whole property is fenced and has a lot of privacy for the tenants.
3) Beautiful front yard with well maintained yard and is definitely one of the parcel's best qualities.
4) The backyard is spacious with 2 huge tool sheds 1 each for both the tenants and a very spacious parking lot,enough to fit 4 cars.
5) The unit with tenants has an additional half bath in the basement
6) Bathrooms on both units are updated (bath tubs with tile walls) and in great condition.
7) All the windows in the property are new and updated saving a lot of cost.
8) Hvac units are 8 year old and in great working condition.