2363 Hampstead Drive, Unit 2363

Property Description

A Rare and Fantastic opportunity is knocking in North Columbus - A three unit with 2 beds/1.5 baths and -can you believe it?- Each Unit has their own Fenced in Backyard! Wow. This excellent addition to any portfolio brings in a whopping $48,744/year AND boasts about a 5.7% cap rate -FIVE POINT SEVEN- at list price. (Based on monthly rent which is $4,123, Taxes = $4705 annually, Insurance = $2490 annually, Water/Sewer ~ $500 quarterly, and a Property Management Fee of 10%. Vacancy was calculated at 3%, Maintenance was calculated at 3%). Tenants pay for all other utilities. This is a Professionally Managed property that just had some updating and repairs in a desirable area, and a chance to purchase something with minimum maintenance and growing rents for years to come.