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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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BRRRR method opportunity RIGHT HERE!!!!!!! HoltonWise

James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Posted Dec 11 2017, 08:37
FOR SALE

12911 Shady Oak
Garfield Heights, Ohio.

$39,900

This property is perfect for the BRRRR strategy.

Currently this house is owned by an accidental landlord who just wants out. Real Estate is not her business. This owner is in the process of evicting the tenant. The court date is set for December 14th. Because of these issues the owner is just hoping to cover the mortgage & get out without bringing money to the table. This provides a great opportunity for the new buyer to ad value then refinance out as Holton-Wise regularly sells similar 3 bedroom homes in Garfield for $65,000-$70,000.

New buyer will need to assume the POS & the house will of course need some cosmetic work to be made rent ready after the current tenant is evicted.

BRING OFFERS!
HIGHLIGHTS:
  • 3 beds
  • 1 bath
  • 1,344 sq ft
  • Market rent; $1,000/mo
  • Annual property taxes are $2,737
  • POS available on request. Roughly $7k-8k worth of work. Mostly concrete.
  • Cash offers are preferred, but not required. We have lender referrals if you need them
  • No owner financing
  • NO LOW BALL OFFERS. Seller must cover the mortgage. List price is just enough to cover the mortgage & the selling costs.
CLICK HERE FOR MORE INFORMATION
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Copyright © 2016 The Holton-Wise Property Group, All rights reserved.
The Holton-Wise Property Group does not doubt the accuracy of any of the information contained herein. However we have not verified it and make no guarantee, warranty or representation about it. Properties listed herein may be listed by brokerages other than The Holton-Wise Property Group. It is your
responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of any property. Actual results may vary from any projections, opinions, assumptions, or estimates and you should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

The Holton-Wise Property Group
4207 Brookpark Rd. Parma, Ohio. 44134.
216-661-6633
Offering

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