Wholesale Deal in the appreciating Evanston Area (Cincinnati, OH)

[Matthew Bond]

• Property Type: Single Family
• Property Address: 1608 Ruth Ave, Cincinnati, OH 45207
• Sale Price: $40,000
• Repair Est: $35,000
• ARV: $130,000
• Projected Investor Gross Profit: $41,000

Large single family home in Evanston on a street where a ton of redevelopment is happening. Similar homes on the same street are being bought, remodeled and sold for $150K+ as part of the Evanston Reach program. If you haven't been in the loop, check out http://reachneighborhoods.com The biggest issue with the house is plaster damage from leaking flashing around the chimney. All mechanics work great, and the furnace is new within 6 months. Lots of original character, and beautiful original hardwood. Tall ceilings throughout, even on the 3rd floor! House sits on a big lot that has lots of off street parking and even room for a garage! Asking 40K or best offer.

Analysis Packet: 

https://www.dropbox.com/s/k3flizplat8ilwu/1608Ruth_Analysis.pdf?dl=0

Additional Photos:

 https://www.dropbox.com/sh/yhm455uagkyuaox/AADPBpprkSodftWC4tP9CyTZa?dl=0