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31248839
31248841

244 Center Rd, Bedford, OH 44146

Green Bridge Real Estate
Listed by Green Bridge Real Estate
$399,900
71 days on market
Updated 71 days ago

Pines Package

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 4
Broker Co-Op Yes
Year Built 1914, 1925
Year Renovated 2017, 2021, 2025
Buildings 2
Stories 2

Multifamily | 4 Units | $99,975/unit

Marketing description

Introducing the Pines Duplex Package! Located at 244-246 Center Rd, Bedford, OH 44146 & 12010 Derby Rd, Garfield Heights 44125, this duo of fully rented and recently remodeled duplexes presents a lucrative investment opportunity. The Bedford property features side-by-side 3-bed, 1-bath units renting for $1400/month, while the Garfield Heights property offers an Up-Down layout with a 2-bed, 1-bath unit and a 1-bed, 1-bath unit. With strong cap rates of 10.79% and 11.35% respectively, these residences are primed for an investor looking to step into a thriving operation. Boasting solid structural integrity and recent updates, there are no major projects needed, making it a seamless investment move. Offered individually or as a package deal, the Pines Duplex Package is priced attractively at $399,900, providing a compelling 11.3% cap rate return. Don't miss out on this turnkey investment opportunity in a desirable rental market! Contact us for financial details and seize this chance to expand your portfolio with ease.

Investment highlights

Bedford:

2 - 3/1 units

Gross Income: 31,800

Expenses: 5,896

Net Income: 25,904

Garfield:

1 - 2/1 unit, 1 - 1/1 unit

Gross income: 23,100

Expenses: 3,808

Net income: 19,292

Listing Contacts

Green Bridge Real Estate
Listed by Green Bridge Real Estate

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