|3 bedrooms, 1.5 baths, 1029 sqft. Built in 1877.
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18th ST. PACKAGE DEAL. - CLEVELAND
1790 Lamoille Ct.
- 2 Bed / 1 Bath; 1,000 SF
- Strategy: Cosmetic updates + finish basement = 3-4 bedroom and 2- bathroom house with approximately 1,600 SF
- ARV: $350K+
- Est. Rehab: $55K
- Condition: Well-maintained by tenant, new furnace. MASSIVE lot in back!!
2599 W 18th St.
- 3 Bed / 1.5 Bath; 1,029 SF
- Strategy: Cosmetic updates + finish basement = 3-4 bedroom and 2-bathroom house with approximately 1,600 SF
- ARV: $350K
- Est. Rehab: $75K
- Condition: Livable rental. Everything works but needs a full cosmetic update plus repairs, roof, windows, paint etc. Includes utility shed. MASSIVE lot in back!!
2605 W 18th St.
- 3 Bed / 1 Bath; 983 SF
- Strategy: Full rehab + adding a 300 SF addition on the rear of the house making it a 3/2 with approximately 1,300 SF
- ARV: $300K
- Est. Rehab: $90K
- Condition: House had a fire inside. Structure intact but needs repairs and all new drywall etc. Full rehab needed.
2609 W 18th St.
- 3 Bed / 1 Bath; 1,050 SF
- Strategy: Full rehab + adding a 200 SF addition on the rear of the house making it a 3/2 with approximately 1,200 SF
- ARV: $280K + $30K with lot next door = $310K
- Est. Rehab: $75K
- Condition: Full rehab needed. Utilities are not functioning and need to be replaced. Apply to acquire the lot next door from the Land Bank and add value to the property.
- *****THE LOT NEXT TO 2609 W 18TH ST IS OWNED BY THE LAND BANK AND CAN BE ACQUIRED POST-SALE VIA APPLICATION
Multiple exit strategies for Investors: Flip, Airbnb, new construction, BRRR, or long and short-term rentals. All four can be refinanced and become Airbnb rentals ($2,500/mo in area). Property has two vacant units and two tenanted units. Access is available to vacant units with given notice. Tenants will remain at closing. Photos per each property can be viewed by clicking on the address below.
- 2599 W 18th St - rented
- 2605 W 18th St - vacant
- 2609 W 18th St - vacant
- 1790 Lamoille Ct - rented
Package Numbers (Numbers based on $236/sqft):
- Combined ARV's: $1,300,010
- Combined Est. Rehab's: $295K
- Price: $429K
- 5% Buffer: $65K
- 7% Closing Costs: $91K
- Total Costs: $880K
- Profit Potential: $420K
Comps within a Mile sold in the last year:
- 2494 W 18th Pl. Sold $262K LINK
- 2465 Tremont St. Sold $380K LINK
YOU CAN CLICK THE WIN IT NOW BUTTON AND AVOID ALL THE BIDDING AND LOCK THIS ONE DOWN RIGHT NOW
Additional Deal Details:
- Property is sold AS-IS and First Come First Serve.
- Non-refundable EMD of $5000.00 required. Refundable upon unclear title.
- Buyer pays all closing costs
- No loan appraisals, contingencies or inspections.
Please contact us for showing availability appointments. First come first serve. Price is net to seller. Earnest money deposit goes hard immediately, so please do due diligence in advance of executing a contract and depositing earnest. All prices are net amount to seller; buyer pays all closing costs.
Prices are based on quick closing in 10 days or less. Opinion of value is given as courtesy. Our opinion is just an opinion and seller make no guarantees or warranties, express or implied, as to the value or condition of the home. Properties are being sold "as-is" and "where-is". Buyer is responsible for their own due diligence. National Deal Pros, may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties. (Without any warranty or representation other than it is the buyer under the subject contract) its contract rights as buyer of such property.
AGENTS: Please contact us for availability or showing appointments. There are no inspection periods or contingencies, and commissions will need to be added on top of the price listed above before presenting to your client(s). All other terms listed here apply.