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$$$ LAND CONTRACT $$$ Duplex Conversion $$$
Front of Home
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| Seller Financing/Land Contracts/Lease Options, Middletown OH | |
Sold |
Will Do A LAND CONTRACT..... ONLY $750 Down! There is $1600 cash available in government money when you purchase this home outright or on a Land Contract......we can walk you through the very simple process.
Simple conversion into a duplex for great cash flow. |
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| Price: | $9,500 | | Est Amount of Repairs: | $14,850 |
| After Repaired Value: | $54,000 | | Est of Taxes, Ins, Attorney: | $0 |
| Est Equity: | $29,650 | | Required Deposit: | $750 |
Contact Us About This Property
This is a great opportunity for a landlord----first time or otherwise. We can do a Land Conract or you can purchase outright----your choice. This is currently a single family home but can be converted quite into a duplex with work. This conversion would give you a 1 bedroom and 3 bedroom unit. Once rehabbed, converted into a duplex and rented, you should see a very good cash flow. Gas and electric utilities are already separated. The building has just one water meter so that would need to be done to complete the separation of utilities. The cost of a meter and water line are part of the contractor bid package.....see the 'contractor bid' attached document on this page below. Section 8 pays $400 for 1 bedroom apartments and $794 for 3 bedroom apartments. Tenants would pay their own utilities based on the above rent numbers. You may also consider renting the garage separately for additional cash flow. We have the contractor lined up and property managment, making this a hands-off investment.
In most cases, our homes that are made available on a lease option, land contract or rent-to-own move very quickly and often times do not make our website. To receive the best possible opportunity to take advantage of our homes, we encourage you to add yourself to our buyers list by submitting your email address (go to our home page and click the link toward the top of the page that says "Get New Listings By Email").
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Additional Photos (Click to Enlarge)
Garage
Rent for additional cash flow
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Upstairs Kitchen
needs work
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Upstairs bath
Ugly
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Downstairs Kitchen
Needs gutted
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First Floor Ceiling
Leak from upstairs bath i believe
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First Floor living room
Needs carpet/paint
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Related Documents
Credit Review
Lease Option or Land Contract Application
Comparable Properties
Contractor Bid
Listing Details
| Market: | Butler County/Hamilton/Fairfield |
| Address: | 520 Garfield
Middletown,OH 45044 |
| Bedrooms: | 4 |
| Bathrooms: | 2 |
| Vacant: | Yes |
| Rented: | No |
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Contact information:
 | Mark Cousino
513-417-3447
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Additional Comments:
We can offer referrals for contractors as well as property managers.....making out-of-town ownership a turn-key, hands-off investment. We have been quite pleased with the contractors and property managers we have worked with in the past and can offer names, phone numbers, etc. Please, however, do your own due diligence. We have attached a contractor bid (feel free to call him at the number you'll find at the top of the contractor bid sheet) and comps for your convenience. |
How to Buy
To put this property under contract please download the Contract Package (see Related Documents above). Fill out and send back to us along with the required deposit.
* All properties Subject to errors, ommissions, deletions, additions, cancellation, financing qualification if applicable and prior sale. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due dilligence. Property will not be considered under contract until signed contract and deposit received with all contingencies removed.
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