🏚️🏚️(Miamisburg, OH) Duplex in need of repairs Potential 90k ProfitπŸ€‘πŸ€‘

Montgomery County, Miamisburg, OH, 45342
Sold
Listed at: April 29th, 2024
Price
$30,000
ARV
$190,000
Gross Margin
$160,000
Sq. Footage
1516
Type
Multifamily
Parking
Driveway
Year build
1925
Lot size
3354.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

🏚️ (Miamisburg, OH) Duplex in need of repairs πŸ€‘

Miamisburg Duplex ready to be added to your investment portfolio. Property is in need for a full repair as there is fire and water damage to the upper unit. The Duplex boasts 2 units each with 2 beds and 1 full Bath. 

 

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ASKING PRICE: $30K

ARV: $190K

Market Rents: $800 - $1,000 per month/unit

Perfect For:

πŸ›  BRRR, Fix/Flip, or Buy and Hold

(Purchase Price) $30K + (Rehab) $65k = (Total Investment) $90k

(ARV) $190k - (Total Investment) $90k = (Gross Profit) $100k

ARV Comps:

  1. 4 Cottage Ave, Dayton, OH 45449 - Sold for $182k on 12/23
  2. 153 S 1st St, Miamisburg, OH 45342 - Solf for $150k on 3/24

Cash Comps: 

  1. 6088 4th Ave Miamisburg, OH 45342 - Sold for $80k As-Is

Rental Comps:

  1. 110 Willard Ave, Carlisle, OH 45005- Rents at $1,249/mo
  2. 219 W Main St, West Carrollton, OH 45449 -

 

Property Overview:

2 units

πŸ› 2 Bedrooms

πŸ› 1 Bathroom 

πŸ“ 758 sqft of potential

πŸ“… Built in 1925

πŸ”„ Vacant


PLEASE CALL TO SCHEDULE SHOWINGS

262-397-9533

TENTATIVE CLOSE DATE ON OR BEFORE 04/30/2024

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Joel Schrock

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