Description
Terrifics Investment Opportunity in Central Ohio. 12 Unit Apartment Building.Each unit will rent from 795mo to 995mo. Plenty of nearby city parking. Property to be Purchased AS IS and will require demo and complete rebuilt, which rehab will be appx 425k. ARV of this property is appx. 1.3mThe City of Newark offers appx 12 Year Tax Abatement on this property. This property was in contract but buyers loan was denied so its back on the market and ready for you. Projected Monthly income of $10,740.00Investment 375k Purchase + 425k Rehab = 800k Investment.After Rehab Valuation is 1.3m Buyer to provide architectural plans.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
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5,860SQFT
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$64$/SQFT
Description
Terrifics Investment Opportunity in Central Ohio. 12 Unit Apartment Building.Each unit will rent from 795mo to 995mo. Plenty of nearby city parking. Property to be Purchased AS IS and will require demo and complete rebuilt, which rehab will be appx 425k. ARV of this property is appx. 1.3mThe City of Newark offers appx 12 Year Tax Abatement on this property. This property was in contract but buyers loan was denied so its back on the market and ready for you. Projected Monthly income of $10,740.00Investment 375k Purchase + 425k Rehab = 800k Investment.After Rehab Valuation is 1.3m Buyer to provide architectural plans.
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