CLEVELAND, OH 44135

Off-market single-family investment opportunity located in Cleveland, OH 44135. Based on the inspection, this property appears to be a strong value-add opportunity for either a controlled flip or a rental hold, provided the buyer keeps the rehab disciplined.

The inspection identified roof-related repairs, including damaged shingles, missing flashing, and a missing chimney cap. The crawlspace, parts of the plumbing, HVAC information, and several appliances had limited access during inspection. Cooling was noted as not present, while the electrical panel and branch wiring were reported with no issues.

Property Details

• Type: Single Family
• Condition: Investor-grade rehab needed
• Exit Strategy: Flip or buy and hold
• Roof: Asphalt shingles — repairs needed
• Foundation: Slab
• Electrical: Copper wiring / 100-amp GE panel
• Sewer: Public
• Cooling: Not present
• Water Heater: Gas / older unit
• Title Company: Clear to Close Title Services

Financials

• Asking Price: 59k
• Estimated Rehab: 55k
• Estimated ARV: 140k
• Purchase + Rehab Basis: 114k
• Gross Potential Profit: 26k
• Gross ROI Before Costs: 22.8%
• All-In Basis Before Closing/Selling Costs: 81.4% of ARV

Best flip strategy is to keep improvements investor-friendly and avoid over-renovating for the neighborhood. Prioritize roof/flashing repairs, mechanical verification, cleanup, paint, flooring, kitchen/bath refresh, and installing cooling if required for the resale market.

Buy & Hold Strategy

• Estimated Rent Range: 1.3k–1.5k/month
• Potential Gross Annual Rent: 15.6k–18k/year
• Purchase + Rehab Basis: 121.7k
• Gross Rent Yield: Approx. 12.8%–14.8%

For a hold strategy, the property may work well as a workforce or Section 8-style rental after completing essential repairs and bringing the home to clean rent-ready condition.

Recommended Hold Approach

• Address roof and flashing first
• Verify plumbing due to limited crawlspace access
• Confirm HVAC/furnace condition
• Add or verify cooling
• Replace aging water heater if needed
• Complete paint and flooring
• Refresh kitchen and bathroom
• Clean up yard and exterior
• Stabilize tenant
• Hold for cash flow or refinance after repairs

Investment Strategy Summary

• Flip: Target approximately 18.3k gross profit / 15% gross ROI
• Buy & Hold: Target approximately 1.3k–1.5k monthly rent
• Gross Rental Yield: Approx. 12.8%–14.8%
• Best Fit: Investor who can control rehab costs and execute a clean, functional renovation without over-improving the property

Next Steps

• Contact us if you need more information
• Schedule a property walkthrough, if applicable
• Make an offer directly on this page
• Sign an assignment agreement or direct agreement
• Send EMD within 3 hours of signing the agreement
• Lock up the deal
• Make money and repeat
• Title company: Clear to Close Title Services

For questions or to make a deal happen, call me:

George — (561) 931-6733

Disclaimers

IMPORTANT: This listing represents an assignment of a purchase contract or a direct contract as a double close, if applicable—not a direct property sale. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but is not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationship is implied or established through this marketing material.

Buyer must verify ARV, rehab, rent estimate, taxes, insurance, HVAC, plumbing, roof condition, title, occupancy, closing costs, financing costs, and all due diligence prior to closing.

Time-sensitive opportunity—this contract is being offered to multiple investors.