This Deal Will Knock Your Socks Off
$64,900.00Price
This charming Cape Cod style home will absolutely knock your socks off. Conveniently located near local shops and not far from Sherman Park!. The area is very neat and tidy and shows some very strong comparable sales with some properties selling as high as $100,000+. The turnkey property is located in the heart of Middletown and only 1 mile away from Downtown.
This turnkey property is also located around the corner from one of our recently sold duplexes and single family homes.
The work being completed includes: new front railings, roof repair, exterior paint, gutter repair, rear deck repair, dry wall repairs, interior paint, new carpet, new 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.
The all time high sale price for this property was $79,900 in 1997.
Details
Single Family Home
Property Type: Residential
Property Market: Middletown
Lot Size: 5,152 sq ft
Square Footage: 1,456 sq ft
Bedrooms: 4
Bathrooms: 1
Car: Detached Garage
Property Pro-Forma Details
Monthly Rent: $900
Annual Rent: $10,800
Annual Net Return: $8,386
Cap Rate: 13%
Annual Expenses
Property Tax: $1,050
Insurance: $500
Management: $864