Turnkey properties
2 Bed | 1 Bath | 950 Sqft | Per Unit
Purchase Price $250,000.00
| Property Type | Cap Rate | Cash on Cash Return |
|---|---|---|
|
2-Family |
7% |
5% |
| Current Status | Current Rent | Lease Term | Utilities |
|---|---|---|---|
|
Vacant |
$2,250 |
- |
Tenant Pays Gas & Electric |
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
Our property management division, RE/MAX Haven Property Management, manages a portfolio of thousands of properties in the Cleveland & Akron areas. We specialize providing a worry-free property management experience. With over 30 full time employees, we offer dedicated service departments for maintenance, city/utility liaison, tenant support and marketing.
Cash and most financing (including DSCR, SDIRA, etc.). Referrals for lenders available upon request.
$1,000 seller credit toward interest rate buy down.