Buy 1 House, Get 1 FREE
$79,900.00Price
You need to see it to believe it! This is a very rare opportunity to own 2 properties that are offered on the same lot. The first is a 2 bedroom, 1 bathroom house with a detached garage. The second is a 1 bedroom efficiency property. Both investment properties are situated on a huge 22,216 sq ft lot in South Middletown, Ohio.
The work being completed includes: kitchen upgrade, bathroom upgrade, plumbing repairs, electrical repairs, interior and exterior paint, new carpet, light fittings and many more updates!
When we think of major employers, one as large as AK Steel is rare in a town of only 50,000. AK Steel employs 8,000 among their plants, over 3,100 of which are in Middletown. The benefit of investing in Middletown is being located directly between Cincinnati and Dayton and thus tenants can drive 15-25 mins either direction to have access to thousands of employers.
Details
Single Family Home
Property Type: Residential
Property Market: Middletown
Lot Size: 22,216 sq ft
Square Footage: 1,668 sq ft
Bedrooms: 3
Bathrooms: 2
Car: Detached Garage
Property Pro-Forma Details
Monthly Rent: $1,150
Annual Rent: $13,800
Annual Net Return: $10,766
Cap Rate: 13%
Annual Expenses
Property Tax: $1,860
Insurance: $700
Management: $1,104