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Archived over 4 years ago

$25,000

2 bd 2 ba 2000 sqft

3230 west 31, Cleveland, OH 44109

Residential SFR Needs Repairs

Current Rent **

$1,300

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Jorge Garcia

Package deal for sale!

Package of 4 homes for sale.
These homes are in various stages of rehab. Selling as a package or individually. I am going to be
doing showings starting Monday, June 10 th . Only cash offers will be accepted. Must close within
15 day and pay all closing costs. When you come to view the property, come with your
inspector or contactor. The following includes a brief summary of each house:

3230 West 31 St, Cleveland, OH 44109 $25,000
Multi-family- 2 units
Potential Income: $1300 per month
Taxes:$65 per month
Water: $100 per month
Insurance: $65 per month
Property Management: $130 per month
Monthly Profit: $940 per month (potential)

This home needs very little work to finish up, has all new plumbing with new drains, new PEX lines, all new drywall on most walls. basically needs kitchens & baths finished.
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3202 West 54 St, Cleveland, OH 44102 $25,000
Multi-family- 2 units
Potential Invomce: $1250 per month
Taxes: $75 per month
Water: $100 per month
Insurance: $65 per month
Property Management: $125 per month
Monthly Profit: $885 per month (Potential)

This home needs basically flooring, baths and kitchens and some electrical. All plumbing is new including all drains. All new houses built next door and across the street.

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2130 West 81 St, Cleveland, OH 44102 $25,000
Multi-family- 2 units
Potential income: $1250 per month
Taxes: $25 per month
Water: $100 per month
Insurance: $65 per month
Property Management $125 per month
Monthly Profit: $935 (potential)

2947 East 57 St, Cleveland, OH 44127 $25,000
Multi-family- 3 units
Potential income: $1575
Taxes: $46 per month
Water: $125 per month
Insurance: $75 per month
Property Management: $157.50
Monthly Profit: $1171.50 (Potential)

Needs complete rehab, most of the plumbing has been done. the entire house was gutted and new drywall installed and finishished. New electrical from mast to Romex.

Location:

3230 west 31, Cleveland, OH 44109

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.