🪄CONTRACT FOR SALE 🪄

Inspection report/Pictures/Videos/Comps: (Click Here)

Price: $50,000

⬇️ General Property Info ⬇️

○ Property Type: Duplex

○ Beds: 4 (2ea)

○ Bath: 2 (1ea)

○ Sqft: 1,900

○ Windows: Some were updated to vinyl but most are original wooden windows

○ Furnace: NA, will need to install 2 new ones

○ Hot Water Tank: Old, recommend installing 2 new tanks 

○ Roof: Unknown age but no leaks/issues

○ Electrical & Plumbing: Both work and no issues were found. Some plumbing was repaired under sinks and electrical panels look good/newer

○ Electrical is separated and there is one gas meter but seems to be a hookup already installed for another gas meter

○ Structural: No Structural issues

○ Occupancy: Vacant

⬇️ Numbers ⬇️ 

○ ARV: $100k-$125k (See comps)

○ Rehab Level Estimation: Medium rehab needed - needs 2 new furnances(~$5k ea), 2 new water tanks(~$1k ea), some window repair, landscaping, Paint/cosemetic repair, gutter/fascia repair, curing the rest of the condemed violation issues (see violation report linked below)

○ Potential Flip Profit: ~$20k depending on finishes

○ Potential Market Rent(Rentometer): $800-$900/unit/month

○ Potential Section 8 Rent (FMR): $1,108/unit/month

○ Est COC Return: 15% - 20%

○ Access: By Appointment

○ Submit highest and best offers by: 3/15

Please reach out for more information.

Shawn Mendel

📞216-460-2714  |  📧shawn@realestatewizards.net

**Buyers do their own due diligence

*Seller of this property either owns or has equitable contractual interest in the properties marketed

*Seller has exclusively relied upon the information listed within the MLS, County Assessor's office, and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. Buyer acknowledges and accepts that seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions. Buyer expressly acknowledges that it is purchasing the property in "as is, where is' ' condition.

Real Estate Wizards, LLC