If you’re looking for a great investment opportunity in Ohio, look no further than this Parma triplex that’s currently on the market. With the potential to make some serious sweat equity, this property is perfect for investors who are looking for a BRRRR (Buy, Renovate, Rent, Refinance, Repeat) property with existing cash flow.
This triplex is a great investment opportunity for those who are willing to put in the work. With the potential to renovate one unit at a time, you can let the property’s income pay for each renovation. This means that you can increase the value of the property without having to spend any of your own money.
Currently, the rents for this triplex are below market value. This means that there is even more potential for you to increase your income once you take over the property. By raising the rents to market value, you can increase your cash flow significantly.
One of the best things about this property is that the tenants have been in the property for over 10 years and would like to stay. This means that you won’t have to worry about finding new tenants once you take over the property. With long-term tenants in place, you can be sure that you’ll have a steady stream of income coming in each month.
The Parma triplex is located in a great area that’s close to many amenities. There are plenty of restaurants, shops, and entertainment options nearby, making this a great location for tenants who want to be close to everything. Additionally, the property is located in a great school district, which is perfect for families who are looking for a great place to live.
Overall, this Ohio duplex is a great investment opportunity for those who are willing to put in the work. With existing cash flow, the potential to make some serious sweat equity, and long-term tenants in place, this property has everything you need to start making money right away. So if you’re looking for a great investment opportunity in Ohio, be sure to check out this Parma triplex today!
3803 Woodway Avenue, Parma, OH 44134