Owner Financed Deal
703 Walnut Street, Martins Ferry, Ohio 43935
Triplex Rehab Opportunity
in Martins Ferry, Ohio!
PRICE: $17,399.96
ARV: $208,500
Rehab Estimate: $70K
Potential Rent: $2,163/month
Owner Finance Terms
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Assignment Fee: $8K
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Down Payment: $0
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Monthly Payments: $1,044.44/month
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Term: 9 Months
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Unit Mix: Three 1 BR/1 BA
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Occupancy: 100% Vacant (Been vacant for years)
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Market Rents: $721/Unit
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Taxes: $827
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Utilities: Separate
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Building Square Footage: 2,294 Sq Ft
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Lot Size: 4,138 Sq Ft
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Year Built: 1887
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Construction: Brick
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Windows: Owner spent $9K to replace all windows two years ago
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Needed Rehab:
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Complete Rehab - Ballpark Estimate: $70K-$80K
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Post Rehab Cap = 19.57%
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Reason Selling: Serious health problems.
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Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
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Cap Rate (Pro Forma): 108.90% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
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Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property, please contact:
Primary Contact: Todd Keith (463) 240-1822
Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.