πŸ’²πŸ”₯ High-Return Cash Flow Opportunity πŸ”₯πŸ’² in Bedford, OH

Cuyahoga County, Bedford, OH, 44146
Sold
Listed at: December 20th, 2022
Price
$44,900
ARV
$155,000
Gross Margin
$110,100
Sq. Footage
1398
Type
Single-Family
Parking
Detached Garage
Year build
1934
Lot size
0.21 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

πŸ“Œ Address: 517 Columbus St. Bedford, OH 44146

No Wholesalers or Daisy Chains


Unfortunately, an inspection WILL NOT BE AVAILABLE for this property. We are providing a $400 completed inspection report for a buyer to move forward with this purchase sight unseen.


Please see the bottom of the page for the full inspection report.


πŸ”₯ Great Off-Market Investment Property

πŸ›  Fix & Flip or Cash Flow Rental

🏠 SFH

πŸ’° Cash Only

πŸ›Œ 3 beds

πŸ›€ 2 bath (CONFIRMED)

✨ 1,398 sq ft

🧱 Built: 1934

πŸ‘¨β€πŸ‘©β€πŸ‘§ Current Occupancy: VACANT

πŸ‘©β€πŸ‘§β€πŸ‘¦ Occupancy at Close: VACANT

πŸ’Έ Asking Price: $44,900

πŸ’£ Rents: $1,500

πŸ”¨ Repairs: $55,000-$75,000 depending on exit strategy


Rehab based on inspection $55k for 'rental' grade. Primarily roof and deferred maintenance. If no one buys it at asking, we are prepared to close on this and renovate ourselves.

 

COMPARABLES - SALES

Some Updates, 556 Helper Dr, 3bd 2ba 1227sf Sold 6/22 $138K

Well maintained, 258 Marion Dr, 3bd 2ba 1168sf Sold 10/22 $150K

Remodeled, 728 Northfield Rd, 3bd 1.5ba 1010sf, Sold 05/22 $136K


COMPARABLES - RENT

125 Talbot Dr, 3bd 1ba 912sf, Rented 07/22 $1435/mo

731 Northfield Rd, 3bd 2ba 1744sf, Rented 07/22 $1500/mo


❗❗❗ Please Note: The below terms are NON-NEGOTIABLE. Bowen Capital is a professional disposition company that will enforce the below terms and conditions. If they do not work for you or your company, please do not offer on this deal and move on!


$5,000 Non-Refundable EMD to be wired to our preferred title company/atty within 24 hours of signing the assignment/PSA. 

Buyer to pay all closing costs, seller to pay prorated taxes and transfer prorated rent/security deposit if applicable

All offers must be cash, hard money, or private money.

Closing to be with Bowen’s Preferred Attorney

Wholesalers / Agents are not to market this deal without Bowen’s permission.

At this time we are not open to JV’ing this property

Agents please add your commission ON TOP of our asking price.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving Bowen Capital exclusive rights to purchase the property. Bowen Capital does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Chris Prophater

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Disposition manager