4250 W 38th St

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Property Overview:

Type: Single Family House
Size: ~1,154 SqFt
Lot size: ~1,742 SqFt
Manufactured Year: 1900
Basement: Unfinished (~560 SqFt)

Property Highlights:

Situated in Cleveland’s 44109 — a sought-after area for investors2 BR / 1 BA property with solid structure and good bonesBasement provides additional storage or conversion optionLight cosmetic upgrades expected to unlock value Close to comparable renovated homes supporting upside potential Rent & rehab opportunity for investors

Repairs Needed:
Primarily cosmetic: fresh paint, updated flooring, kitchen & bath improvementsSome general cleanup and modern touches
Estimated Repair Costs: $30K – $45K.
 

ARV BREAKDOWN:
ARV – $140,000 based on Comps:

4304 W 21st St, Cleveland, OH 44109 - $170,000
4308 Bucyrus Ave, Cleveland, OH 44109 - $185,000
3943 W 22nd St, Cleveland, OH 44109 - $118,000
2402 Tampa Ave, Cleveland, OH 44109 - $117,000
 

Potential Rent Returns:  
Market Rent: ~$1,200 – $1,400/mo

Estimated Spread: ~$33,000 between purchase and ARV

Remember, you miss 100% of the shots you don’t take, so don’t hesitate to submit that offer!

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Resources:

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