9584 Greenmeadow Road, Windham, OH 44288

Property Description

11% cap rate as is with ALL large capital improvements recently updated. New Windows, New Sidings, New Roof, New Mechanicals- each unit even got brand new A/c installed. This multi-family currently brings in $81k/year gross rent with super low expenses at just $20k/year (which includes 10% mgmt, insurance, 5% maintenance, , trash, landscaping, utilities and the rental registration. This 6 Unit consists of 4- 4 bedroom units and 2- 1 bedroom units. The 4 beds are all with PMHA and receive $1400/mo (which is about to be increased to $1500 because they are renting so fast!) The 1 beds are at $650 each and have lots of room for growth. Tenants pay ALL off their own utilities, including water & sewer. Seller is open to up to $50k of seller financing for the right buyer. Windham is a small town between 4 large metropolitan areas including Cleveland, Warren, Youngstown and Canton. Owning the nicest building in a small town creates nearly guaranteed long term tenants ( and thanks to PMHA, Guaranteed rent too) Contact Erin for more information.