2620 Cleveland, Columbus

$450,000

0 Beds
0 Baths
3,384 Sqft
0 Acres
0 Garages

Solid all brick six unit apartment complex located on bus line. Great cash flow for investors looking to expand their portfolio. Each unit has one bedroom with full basement and washer and dryer hook up. Units have been completely renovated. Two units rented at $750 per month and 4 units rented at 550. Per month.Monthly income-$4,410.00 @ $735.00moAnnual income -$52,920.00Monthly expense bases on a Sales price of $450,000.00x 20%=$360,000.00 loan amount =$3112.08 (PITI)=$37,345.00 per annum plus expenses and water $1,740.00 Total $40,000.00 per year in expensesIn short the NET OPERATING INCOME =$52,920.00The ANNUAL DEBT=$40,000.00An optimum debt service for the bank is 1 to 3 This apartment building is located in the heart of One Linden Community Revitalization plan.

Listing Courtesy of Stephan R Douglas of Douglas & Associates Realty, Ltd..

Essential Information
MLS® #219035622
Price$450,000
Square Footage3,384
Acres0.00
Year Built1965
TypeMulti-Family
Sub-TypeTownhouse
StatusActive
Community Information
Address2620 Cleveland
AreaNone
CityColumbus
CountyFranklin
StateOH
Zip Code43224
School Information
DistrictCOLUMBUS CSD 2503 FRA CO.
Additional Information
HOA Fees0.00
Listing Details
Listing Courtesy

of Stephan R Douglas of Douglas & Associates Realty, Ltd.

Property History
Price Increased from $439,000 to $450,000

Copyright © 2019, Columbus Board of REALTORS® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

The IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified.

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