Fixer Upper in Lorain, Ohio

[Viktor R.]

Fixer Upper in Lorain

House is in need of lots of repairs but there is tremendous upside. This is a terrific investor alert and tons of upside since the house would be worth more than $70,000 repairs. Take a look for yourself and see if this make sense to you. Buyer to verify to their own satisfaction. Do not disturb tenants. Closing will need to be within 30 days. Cash purchase only.

PROPERTY INFORMATION

1. Address: 1338 Maryland Ave, Lorain, OH 44052
2. Bedrooms: 3
3. Bathrooms: 2
4. Square Feet: 1462
5. Year Built: 1950
6. Stories: 1

PICTURES

Link: https://drive.google.com/drive/folders/0Bw_p2SC9IE...

COMPARABLES

After Repaired Value: $72,230

• 2328 Wilson Dr, Lorain
  • 3/1.5 1200sq.ft
  • Sold 12/28/16 $74,900
• 435 Illinois Ave, Lorain
  • 3/2 1498
  • Sold 6/9/17 $73,900
• 329 Illinois Ave, Lorain
  • 3/2 1275sq.ft
  • listed $67,900

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$47,000

PURCHASE PRICE AT

$9,997

RENTAL

$550-$570/ month

This is available as an assignment of contract. Any attempt to contact the seller without my explicit consent will result in legal action. Buyer to complete their own due diligence including the information stated to their satisfaction.