Off Market Commercial Space in Middletown, OH - 12% Cap Rate

[Peggy Beene]

4 Units /4 Bathrooms / Approx 5000 total sqft

Price: $598,000 for BOTH properties (turn-key with management in place)
As-Is Price: $498,000 for BOTH properties (sold as-is, you finish the rehab)
Repairs: $35- 40K for BOTH properties (see property description for details)
Seller Financing Available with 50% Down

Two Separate Office Buildings in Middletown, OH: Both are 4 unit commercial complexes with approx 5,000 sq ft of internal space.  These investment properties is located in the heart of Middletown which is a well placed suburb between Cincinnati and Dayton Metro areas. One property is strategically positioned on one of the main streets in town for very high traffic counts.  Both properties are currently undergoing full renovation to provide a 100% turn-key investment opportunity.  The work being completed includes:  Roof repairs (newer roof already), electrical panels, HWHs, some HVAC work, interior paint and carpet, flooring, exterior paint and landscape, new fence in rear of property, new front doors with glass transforms for better corridor lighting and appeal, and many other interior cosmetic upgrades to make the units attractive and rent quickly.

These properties have amazing curb appeal and is best suited for professional tenants such as:  Primary and Specialty Doctors, Dentists, Attorneys, Chiropractors, Insurance agents, Massage Therapists, Appraisers, Loan Officers, Architects and many others.  All four units (two upper, two lower) are 1250 sq ft each approx.

REALTORS or WHOLESALERS, if you think you know of a buyer for this property, we would happy to compensate you for the connection!

Bring offers!

PM me for address, financials and pictures.