Multi-Family Distressed Property in Cleveland, Ohio! 4 Units

[Alex Yudin]

PLEASE VERIFY INFORMATION - SOLD AS IS

4 UNITS APARTMENT COMPLEX

SALE PRICE: $5,600 + $499 - processing fee

Address: 1722 Northfield Avenue, East Cleveland, OH

Total Size: 4,688 sq.ft. 8 bed 4 units

Lot Size: 4,636 sq.ft.

Built in 1916

The average list price for similar homes for sale is $74,980. 1722 Northfield Ave is in the 44112 ZIP code in East Cleveland, OH. The average list price for ZIP code 44112 is $59,177. (information based on Trulia report)

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[Oren K.]

Alex - As you are not local to the Cleveland market, you may not know that in the City of East Cleveland, prior to a sale, the property has to undergo what is called a Point of Sale (POS) inspection. Only the seller can order the POS. Basically the city comes through and tells you what needs to be done to bring the property up to code. The deed can not be transferred without the POS.

It then usually falls to the buyer and seller to determine who will do what. As you are selling 'As Is', I presume you will want the buyer to take on all the violations but buyers should be aware of the process.

Good luck.