November 21th Real Estate 3 New Deals

5013 Robinhood Dr, Willoughby, OH 44094

 Here is your chance! Rare brick duplex in RIDGE ACRES, a sought-after central Willoughby Lake County neighborhood. A solid side by side with one unit rented and one vacant. This leaves the possibility open for an owner occupant to buy and 'house hack' with a low down loan. FHA 3.5% down loan eligible, or conventional as low as 5% down (Due to loan changes Nov 2023, ask your lender!). VA loan eligible with 0% down! Each unit has 3 bedrooms, 1.5 baths, and storage/laundry in the dry basements. One of 8 duplexes in a row, this end unit has the largest lot of all 8 with ample parking and room for expansion. New furnaces in both units (2021). Beautiful hardwood floors under carpets/LVP (photos avail). 2 car garage with new door (2022) and newer roof. Newer concrete drive/drains (2011). Fenced rear yard, large rear overhang over concrete patio. Building-wide front porch. Two large trees removed 2023. Not a converted century home, this is a newer purpose-built investment building. Low taxes! Current resident pays $1250 per month, market rent closer to $1500 per unit. High demand area. Residents pay utilities. ALL are split in this particular building which is unique to others on street. Residents pay water, sewer, gas, electric, trash, cable, and also split yard & snow duties/costs. Seller can close before or after 12/31/23 to assist with buyer tax planning or fund allocation. Rare opportunity to get started or to build your portfolio with this solid Lake County duplex! Don't wait! 

 

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Here are the numbers Rent $3000 Tax $380 Insurance $150 Property Management $250 Net $2220

Rehab $25,000 Asking $319,000 Worth $285,000 Offer $240,000

 

 1511 Richmond Rd, Lyndhurst, OH 44124

 Live large with plenty of room. Put your man/woman-cave in the basement while the kids watch their phones in separate rooms. Transportation doesn't even need a hop, skip, and a jump. The simple hop will do it.

 

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Here are the numbers Rent $1600 Tax $253 Insurance $60 Property Management $125 Net $1162

Rehab $10,000 Asking $139,900 Worth $185,000 Offer $120,000

 3098 W 101st St, Cleveland, OH 44111

 Gorgeous Westside Cleveland Double! Property is currently occupied. Newer roof, newer chimney, newer stack, newer kitchens, newer baths, newer flooring and paint throughout! Up unit has access to partially finished 3rd floor. Add this property to your rental portfolio today!

 

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Here are the numbers Rent $1700 Tax $85 Insurance $60 Property Management $170 Net $1385

Rehab $10,000 Asking $155,000 Worth $160,000 Offer $135,000