Wholesale

multi family home

130 W Long St, Akron, OH 44301

$130,000 After Repair Value -
$115,000 Asking Price -
$6,000 Cost of Repairs =
$9,000 Potential Profit

Property Details

Asking Price $115,000

After Repair Value $130,000

Costs of Repairs $6,000

Potential Profit $9,000

Living Area 3,000 ft2

Property Type Multi-Family

Bedrooms 1

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $3,000

Yearly Expenses $15,000

Property Taxes $3,000

Net Operating Income $36,000

Cap Rate N/A

Property Description

Potential 3000 income 1500 expenses(on site property manager)always rented- 45000 of repairs upgrades, all new gas stoves. New back deck, new garage roof. Up to codewell here is this 4 in the front 4 in the back total of 3k or more a month in and about 1500 out (expenses are lowering as tenants put utilities in their name)Unit 3 vacant-cleaning and raising rent to 500 a month - it is always occupied light advertising looks like this - do 100k total with 30k down and finance the remaining 85k per land contractyour payment with principle interest taxes, insurance is still going to be in the 1500 range and you will net anything over 1500 and maybe more or less some months depending on utility usage and repairs and quality of tenants Rehab Info:unit 3 cleanup, some flooring. Over 45000 recent updates plumb and electIncrease profits by raising rents:some long term tenants,some rooms need slight upgrades. also has new gas stovesReduce costs by:utility costs to tenants.Increase cash flow by restructuring dept:yes. upgrades, refinance lower rate, utility usage,

Repairs Needed

unit 3 cleanup, some flooring. Over 45000 recent updates plumb and elect\r\n\r\nIncrease profits by raising rents:\r\nsome long term tenants,some rooms need slight upgrades. also has new gas stoves

CONTACT LISTING OWNER

Greg Simpson

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