Not On Mls. Eight (8) two (2) bedroom units in total,at Fair Oaks Rd. Dayton OH 45405,Six (6) of the freshly renovated two bedroom units are currently occupied. Serious property investors only need reply. Buyer agents welcome. Do NOT contact me for any other business purposes including but not limited to assistance in selling, buying, leasing, renting, remodeling, repairing, building. Six (6) of eight (8) apartments are rented. I do not rent 2 of the 8 units. I use one for storage and the other needs a sub-floor, some dry wall and plumbing updating. I have a coin operated laundry on the premises. I do not own the machines. I have an agreement with a laundry equipment supply company were we split the receipts...average is around $35 monthly. Income: Units Occupied - 6 Rent rate per unit - Five (5) units at $500 per month and one (1) at $465 per month. $2,965 - Monthly rents collected Expenses: $6,200 - Prop tax is approximately $6,200 annually. I pay semi-annually. Paid $3,088 for the July 2014 tax period. The next tax period is in February 2015, should be about the same. $85 - Common area / building electric bills are approximately $85 monthly. $650 - Water/Sewage - approximately $650 per quarter $98 - Trash - approximately $98 monthly $2,600 - Prop insurance is approximately $2,600 annually. Optional Property Management services: 10% - I will manage the property for 10% of rents collected. $60 - Lawn care $60 per cut and trim. $100 - Snow removal - is $100 per trip, includes parking lot, sidewalks and salt. Repairs - I will take before and after pictures with copies of receipts and work orders. Price varies on specific repairs on an as needed basis. Labor is typically $50 per hr, current mileage rate applies. Details: Year Built - 1965 Units - 8 Bedrooms - 16 Building Gross Floor Area - 8685 Owner Responsibilities - water, sewage and trash Tenant Responsibilities - natural gas & electric Amenities; Appliances Included - 6 refrigerators and 6 stoves Heating - Hot water circulating heat & electric baseboard heat Cooling - 4 units with center air conditioning, 2 units with window air conditioning Storage Room - Each tenant has a lockable storage unit in the laundry/utility room Laundry - new leased coin operated laundry equipment Each unit includes individual entry door with rear glass sliding door that opens to private rear patios. Parking - street parking and rear parking lot. Section 8 HUD approved Updates Per Rented Apartment; Whirlpool Gas Water Heaters Boiler Pumps Kitchen and Bathroom Faucets, P-traps, Supply lines & Shut off valves Wood laminate kitchen flooring Window Blinds Pluming crawlspace upgrades; Removed over 300 feet of copper water supply lines, replaced with new technology PEX material. Installed new water shut-off ball valves that will shut off the water supply to zones and or individual units.Asking $128,000 OBO Only $128,000 Cash Buyers Pls Contact Me Mr.Lee (954)-933-8220 LoyalRealtyConsultant@gmail
Posted on: Mon, 26 Jan 2015 05:58:42 +0000
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