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*DUPLEX* Minimal Repair – Great Cash Flow

Cleveland, Ohio
Buckey Shaker

Listings Stats

Published: Sep 30, 2024
Last Edited: Oct 02, 2024
Listing Type: Wholesale
Listing Status: Available
Number of Views: 95
Days On Flippery: 32
Number of Favorites: 0

The Numbers

Buy It Now Price: $82,000
Asking Price ($): $80,000
After Repair Value: $155,000
Est. Cost of Repairs: $25,000
Est. Gross Profit: $50,000
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Find A Deal
Real Estate Investment

Description of Property

ASKING PRICE: $80,000

ARV: $155,000

1.5%+ Rental

20+% equity

 $850 per unit per month

🛠️ Manageable renovations with significant potential for increased rental income
🏡 Strong addition to rental portfolio
💼 Strong demand from tenants seeking quality housing
💰 Low-level rehab to enhance property value
💵 Cash flow potential is outstanding!
🌳 Park within walking distance
1 occupied (good performing tenants) and 1 vacant
Comparables:

 https://www.zillow.com/homes/2769-E-119th-St-Cleveland,-OH-44120_rb/33417669_zpid/
🔑 Don’t miss out on this exceptional investment opportunity! 🌟

Property SOLD IN AS-IS Condition

TEXT OR CALL Matthew : ***-***-****

Make an Offer:

Submit your offer and information at the top of this screen by clicking “Make an Offer”.

Contract:

A contract will be delivered electronically once an agreement has been made and must be executed by the Final Buyer within 24 hours. Once the contract is signed, we will introduce you to a third-party Title Company we use that will help facilitate the closing process.

Earnest Money Deposit (EMD)

Must be wired to the Title Company within 1 Day of Contract signing

Closing Costs:

End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal.

Description of Repairs

Vacant Unit

  • Updated and ready for move in

Occupied Unit

  • Needs updating, approximately $15K

Building 

  • $5K for an miscellaneous repairs
  • Access:
    Message Me
  • Build Year:
    1916
  • Home Area(sqft):
    1,656
  • Bedrooms:
    4
  • Heating:
    Furnace
  • Water:
    City
  • Property Type:
    Duplex
  • Occupancy:
    Tenant Occupied
  • Lot Size(acres):
    .10
  • Bathrooms:
    2
  • Cooling:
    None
  • Sewer:
    Public/City
  • Parking:
    Off Street

The Numbers

  • Asking Price ($):
    $80,000
  • As-Is Price/Sq Ft:
    $49.52
  • Est. Cost of Repairs:
    $25,000
  • After Repair Value:
    $155,000
  • ARV Price/Sq Ft:
    $93.60
  • Est. Gross Profit/Equity:
    $50,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash,
  • Est. Mthly. Rental Rate:
    $1,700
  • Earnest Money Deposit:
    $1,000

Comparables

  • Comp 1

    Full Address:
    2769 E 119th St Cleveland 44120
    Distance from Listing Property (mi):
    .10
    Sale Price:
    $155,000
    Sale Date:
    May 8, 2024

Property Inspection

Location

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