October 13th Real Estate Deals

1558 Winchester Ave, Lakewood, OH 44107

Calling all investors and first-time homebuyers. Lots of potential in this three-bedroom, one bath Colonial in Lakewood. Come and take a look and bring your expertise in updating this gem. Great investment property located close to popular dining and nightlife in Lakewood. Also has an extra room for possible office area. Owner selling "as is" with no repairs. Make your appointment today Click here to view pics for this property Here are the numbers   Rent $1550 Tax $174 Insurance $60 Property Management $125 Net  $1191 Rehab $22,500 Asking $130,000 Worth $160,000 Offer $110,000

2811 Woodbridge Ave, Cleveland, OH 44109 3-plex

Rare opportunity to purchase a large, turnkey triplex just feet from the MetroHealth Main Campus! The 3-unit property has new flooring, paint, and comes with all seller appliances (range + refrigerator in each unit, washer, dryer). It also has its Lead Safe Certification (a requirement in the city of Cleveland) and off-street parking. All three units are currently rented. The very large first floor unit is a 2 bedroom, 1 bath and brings in $700/month. The second floor 2 bedroom, 1 bath brings in $725/month. And the third unit (1 bedroom, 1 bath unit) rents for $675Click here to view pics for this property

Here are the numbers  

Rent $2100 Tax $148 Insurance $150 Property Management $210 Net  $1592 Rehab $18,500

Asking $204,200 Worth $200,000 Offer $175,000

 

357 West St, Berea, OH 44017 4 PLex

Exceptional Investment Opportunity Near Baldwin Wallace University! Nestled in vibrant Berea, Ohio,  this property features a well-maintained triplex at the front and a beautifully updated single-family house  at the back, providing diverse income streams and potential student housing.  The front triplex offers three comfortable units for steady rental income.  The single-family house, with modern amenities, is a serene retreat.  A parking lot for up to 10 cars is a significant advantage, and t he expansive yard provides ample green space. Situated next to Baldwin Wallace University,  this property offers a prime location for student housing.  The single family at the back of the property currently rents for $1,174/mo. plus electric/gas.  Section 8 month to month and the 3 bedroom unit is currently leased for $790/mo. plus electric/gas until  06/30/24. There is much room to increase these rents to market value as well! Current potential rents:  4 Bedroom - $1,400+, 3 Bedroom - $1,100+, 2 Bedroom - $800+, and 1 Bedroom - $700+. Don't miss the  chance to be part of this thriving community and explore the possibilities with this property in your  portfolio. Invest in your future today! 48 hours notice needed to tour the occupied units. Contact your  agent to obtain the investment analyses - both current and potential.

Click here to view pics for this property

Here are the numbers  

Rent $4325 Tax $827 Insurance $250 Property Management $430 Net  $2818  Rehab $20,000

Asking $249,900 Worth $300,000 Offer $225,000