Property Description:
This is a direct to buyer wholesale assignment for a tenant-occupied in North Olmstead OH, which is in the Greater Cleveland area. ARV is $250-260k Earnest deposit required $3,000. This home needs no rehab but just a couple of updates. Great property as a buy and hold in Ohio! Tenant is paying $1140 on an annual lease which will go until 6/1/24. Avg rents $1800-2000 for the area. If you go in and upgrade the bathrooms, you'd probably be able to get more.
I'm not in Ohio, otherwise I would buy it for myself. The homeowner is a tired landlord--they didn't want to use their own money to replace the HVAC and carpet (needs replacing in the next 1-2 years), and they're tired of managing a property out of state.
COMPS
4688 Silverdale Rdzillow.com/homedetails/4688-Silverdale-Rd-North-Olmsted-OH-44070/33468086_zpid/
4366 W Ranchview Ave
zillow.com/homedetails/4366-W-Ranchview-Ave-North-Olmsted-OH-44070/33468522_zpid/
Contact me at 774-252-2006 or info@thepropertyrose.com. Thank you.