Off-Market Single Family Home in South Linden Neighborhood - Perfect Rental Investment or potential flip for a savvy investor with the right resources!
With an estimated After Repair Value (ARV) of $175,000, this property presents a fantastic opportunity for generating passive income. You can purchase this home for a remarkable price of $92,000, with repairs estimated at $50,000. The potential return on investment is substantial, especially when considering the option to rent it out for $1,100 per month.
As a rental property, this home has incredible income potential. The South Linden neighborhood is highly sought after, attracting a diverse pool of tenants seeking a comfortable and convenient living environment. With the completion of full cosmetic repairs and the addition of a new AC system, this property will undoubtedly attract high-quality tenants who are willing to pay top dollar for a well-maintained home.
Additionally, by finishing the basement to add a third bedroom and bathroom, you can further increase the rental value of the property. A larger living space with additional bedrooms and bathrooms is a significant selling point for potential tenants and allows you to command a higher monthly rent.
Even if you're not looking to rent it out, this home presents an excellent opportunity to create a dream living space. Customize the property to your liking, utilizing the estimated repair budget of $50,000 to bring the home to its full potential. With a beautiful cosmetic renovation, new AC system, and a finished basement, you'll have a stunning home that caters to your future tenant or buyer's needs.
Contact us today to seize this extraordinary investment opportunity.
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OUR COMPS: We encourage you to do your own due diligence, as our budget/estimates may differ from yours!
1) 2203 Grasmere Avenue, Columbus, OH 43211. Sold price: $191,000. DOM: 7. Sold date: 5/5/2023
2) 1375 Duxberry Avenue, Columbus, OH 43211. Sold price: $170,000. DOM: 15. Sold date: 5/9/2023
3) 2271 Medina Avenue, Columbus, OH 43211. Sold price: $163,000. DOM: 14. Sold date: 4/24/2023
4) 2253 Gerbert Road, Columbus, OH 43211. Sold price: $170,000. DOM: 5. Sold date: 5/26/23
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Interested in making an offer? Please see our additional details/terms:
Our terms:
- Nonrefundable EMD of $2,500 due to Empora Title within 24 hours of contract acceptance
- Funding with cash or hard money
- Prioritize highest offers with no contingencies
- Buyer pays closing cost; click HERE to calculate your cost with Empora Title
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