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202 Newton Dr, Newton Falls, OH 44444
SUBJECT TO Duplex. Takeover the underlying mortgage and get $322 in INSTANT cashflow. The rents are $250 under market rents per side, and the tenants are Month to Month, so you can easily increase the rents to get $822 in cashflow. Located just 15 minutes from Warren OH, and 25 minutes west of Youngstown. Details & terms below.
Asking Price:
- $12,500 Down (Highest Offer Down Wins The Deal)
- Takeover Sellers Mortgage
- Mortgage Balance $54,000
- Total Monthly Payments: $478.22
- Principal $146.68
- Interest $211.76
- Escrow $119.78
- Interest Rate: 4.875%
- Maturity Date: 06/01/2040
- Tenant Info
- Renters on Month to Month leases for $400/month
- Tenant pays all utilities
- Rents should be $650 per side.
Property Details:
- Size: 1,570 sf (as per tax records)
- Lot Size: 12,197 sf lot total (as per tax records)
- Built in: 1941 (as per tax records)
- Beds / Baths: 2 bed / 1 bath each side (as per our seller)
- Occupancy? Occupied (do NOT go on property or bother occupants)
- Tenant Info
- Renters on Month to Month leases for $400/month
- Tenant pays all utilities
- Rents should be $650 per side.
Condition:
- Property is sold in As-Is Condition, and buyers agree to do their own due-diligence and inspections.
- New floors on the B side of the duplex.
- Windows are 12 years old.
- A side has central AC.
- B side has window AC.
- Water heater on both sides are 6 years old.
- Roof is less than 10 years old.
Terms:
- Cash or Hard Money only
- Must be able to close when title company is ready.
- Once offer is accepted, you must place $3,000 non-refundable deposit in escrow.
Call or Text Josh For Access – 602-704-5246
Submit Highest & Best Offer Below
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