Front
4-Unit with 3 BR
& 1 BA each Unit
This property is
offered and subject to curb offers only.
NO showings without contract subject to property inspection.
Pre-approval
letter MUST accompany contract.
Call Me Today for Details!
$260,000
345 Chittenden Ave., Columbus, Oh 43201
Driving Map available
How to
Get There
This 4-unit building has just finished rehab in
2003 which includes carpet, paint, refrigerator and stove, furnace in
two unit (other two replace previously). These units are fully leased
with leases running to early 2004. Income averages $830 per unit, security
deposits on all units.
This is a cash flow property.
Annual income $39,840, insurance $850, taxes $2,850 Gross Operating Income
$36,140. ASSUME: Down Payment of 10% or $26,000 and a 30-year note at
6.75% = $1,518 Principal and Interest.
Gross Operating Income $36,140 less Principal & Interest of $18,216
equal CASH FLOW OF $17,294
or nearly $1,500 per month. All of your cash investment is returned in
less than two years. Your Cash on Cash return
(assume 2% closing fees) is 47.9%!!!
Get that in a bank.
Directions: I71 to 11th Street exit and go west toward fairgrounds. Procede to N. Grant (street turns into one-way in opposite direction) and turn right. Turn left 1 block onto Chittenden. Property on left approximately 2/3 down toward stop light.
