Quadplex under contract ready for assignment. Photos have all information on them, needs to close quickly!

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OfferMarket Exclusive Listing

- Use the Ask Seller button at the top of the page to schedule your tour
- 3BR/1BA, 1,122 Sq Ft
- Asking price set by seller, all offers will be reviewed
- Best and final offer due by April 22
- Seller reserves the right to accept or reject any offer for any reason and select an offer before the deadline
- Leased (Section 8) at $1,450/month through February 2023
- Section 8 market rent estimated at $1,600 to $1,700/month
- Pictures are from the previous seller's listing, we are working coordinating a window of tours for qualified buyers. Seller has confirmed that pictures are reasonably accurate, garage door was replaced with regular hinged doors.
- Offers contingent on walkthrough and final revision are preferred
- Close by or before May 30 with Terrain Title & Escrow Company
- Earnest money deposit: $5,000 due on contract assignment

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ARV 125k
Living Area: 1056 sqft
Lot Size: 2975 sqft
Bed(s): 3 | Bath(s):1
The Good: Exterior siding, windows, roof are probably what is in the best condition.
The Bad and the Ugly: Mold in the basement. Foundation needs to be checked. Foul odor of smell in the basement. Old mechanicals. Electric needs to be inspected. Most rooms in the house do not having working electricity. No access to attic, the door is nailed shut to prevent anyone from going up there. Tenant mentioned the floor is falling through. No signs on 2nd level ceilings. Interior of the property is mostly cosmetic.
Comps (All Flip Comps of Rehabbed Properties Sold Retail):
-- 923 Nela View Rd Cleveland 44112  Sold 114.9k value is $125k
-- 16927 Hillsboro Rd Cleveland 44112  Sold $79k
-- 1138 E 114th St Cleveland 44108  #156k
Link to More Pictures & Inspection Report! https://drive.google.com/drive/folders/1AtaMIRXxqg_4qNDIvZVegecxnAvbPDc-

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