Tri-Plex Cash Flow Ready to go

Found a Great Deal on a Tri Plex that is in a superior area. Here is the description

.a three unit, fully tenant occupied
multi-family home that has recent updates and tons of charm! The owner
is offering a home warranty with this listing, as well, valued at over
twelve hundred dollars! The first and second floors feature beautiful
hardwood, fireplaces, a dinette, two bedrooms, a nice sized living
space, and a porch! These apartments are perfect for any tenant who
wants the character of an early 20th century home. The third floor is a
one bedroom unit that also has hardwood floors. There have been many
updates over the past year. Exterior updates include: new paint, tree
work, new 1/4 foundation with footer drain & crock, and new Soffit.
Interior updates include: new vanities, plumbing fixtures (sinks,
toilets, faucets, etc), ceilings over existing ceilings to create sound
gap, light fixtures, appliances, coin operated washer & dryer, new
furnace guts, paint throughout, vinyl blinds, and tile in the dining
room and shower walls. Also new is vinyl flooring in kitchens, landings
and bathrooms. And that’s not all! There are new doors, a new hot water
tank, and new electric service”

Let’s look at the numbers

Price______$100,000

Rent______$1675.00

Taxes________$   260.00
Insurance_____$   100.00
Utilities______$    200.00
PM__________$   168.00

Net Proceeds__$  949.00

Call Brett 216-703-5740 Coldwell Banker 








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