All Forum Posts by: Quintin Grant

 partnership is also welcomed on this deal

Still available...

Still available...

Solid investment property in Wellington, OH 

ARV: $85,000

Total income: $8,400/annually 

Taxes: $1,148/annually 

Insurance: $485/annually 

For more info and photos leave your email below or email me at [email protected]

Unit 5 Details

Occupied 

Rent: $450

Bed: 1 Bath: 1

Unit 6 Details

Occupied 

Rent: $425

Bed: 1 Bath: 1

*Unit 1 rent is really $525 but gets a $50 rebate for snow removal and lawn care.

*Unit 4 rent is to be increased $50 in February 

*Unit 5 rent is to be increased $50 in May

Numbers:

Total income $33,600/annually 

Expenses 

Taxes $2,556.55/annually 

Insurance $1,700/annually

Village of Wellington Building  $3,322.40/annually 

Gas for all units $1,006.61/annually 

Misc $1,014.64/annually 

Net income $23,999.80

If you would like more info or photos drop your email below or email me at [email protected]

Can someone help me post pictures they keep coming out as boxes with x’s

@Todd Morgan Hello Todd, sorry I didn’t get a notification, but this property is still available and I sent you an email

@Brandon Johnson yes

@Leo Koonan Oberlin is not a Point of Sales area. 850/mo is under market rate for this area but seller wants to stay as a tenant and that’s all they can afford for the 1st 2 years. Yes, the cap rate will be low at 850/mo but that’s the trade off for the almost $130k in equity that will be had at closing.

Don't miss out on this opportunity to own this amazing 4bed 1.5 bath home in Oberlin, OH a suburb 45min from Cleveland, OH. The ARV range for this property is $201,000 - $212,000 conservatively. The current owner will like to stay in home as a tenant and is willing to pay $850.00/month. Minimum repairs are needed, but since the owner wants to stay in the property as is no repair are needed at this time. The asking price is $76,000.00 firm and the closing will be at Ohio Real Title (non-negotiable) . This is a steal so don't miss out. If you would like more info, pictures or to schedule an appointment please leave your email below or email [email protected] . DO NOT DISTURB THE OWNER PLEASE MAKE AN APPOINTMENT BEFORE GOING TO THE PROPERTY.

P.S. Here are some comps in area:

246 West College St 4bed 1.5bath 1,953sqft sold price: $228,000 in Jul. 2018

108 Morgan St 3bed 1.5bath 2,247sqft sold price: $185,000 in May 2018

40 Glenhurst Dr 3bed 2.5bath 2,014sqft sold price: $195,000 in Apr 2018

50 West Vine St 3bed 2.5bath 2,210sqft sold price: $233,000 in Apr 2018

330 Edgemeer Pl 4bed 2.5bath 1,972sqft sold price: $219,000 in Mar 2018