Loan amount
$118,000
Loan type
As-Is Property Value
$164,000
LTV
72%
{LTV}
Property type
Multi-family
Borrower Details
Credit score
767
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Ohio
Loan Details
Additional Loan Information
Fully rented 1st and 2nd floor duplex in Medina, Ohio built in 1905. Each unit has 3 bedrooms and 1 bath. 1st floor approx. 1,072 SF. 2nd floor approx. 960 SF. Washer and dryer hookup in each unit. Separate gas and electric. New roof put on in 2019. Adjacent to park offering baseball fields, basketball courts, pavilion, playground & splash pad. Minutes walk from Historic District shopping and dining. Desirable school system.
1st floor tenant pays $650 monthly rent.
2nd floor tenant pays $550 monthly rent.
Landlord pays water, sewer, trash.
Listed for $135k on 7/8/20
Price reduced by $15k on 7/28/20
Destination management company considering purchase offer pending site visit and inspection. Detailed project sheet available upon request.
1st floor tenant pays $650 monthly rent.
2nd floor tenant pays $550 monthly rent.
Landlord pays water, sewer, trash.
Listed for $135k on 7/8/20
Price reduced by $15k on 7/28/20
Destination management company considering purchase offer pending site visit and inspection. Detailed project sheet available upon request.
Status
Closed
Created
August 17, 2020 - 7:51pm
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