Great opportunity to invest in Cleveland's HOTTEST community - University Circle. This property needs complete renovation but the equity will be there after the elbow grease is applied! Properties in the immediate area (some on this same street) are selling for $250,000 to $500,000 in this pocket, called Heritage Lane. Minutes from Cleveland VA Hospital, University Circle, Cleveland Clinic, and all major museums. This area has received more public and private investment dollars in the past 10 years than any other part of Cleveland. Buy and Flip? Investment of $170000 will bring 100k plus in equity. Buy and Hold? Investment of $170000 will bring nearly $3,000.00 in monthly rent from either highly-skilled medical professionals OR medical school students. Property is offered for sale through a community development initiative and must be completely renovated within 365 days under permit. The city must inspect and approve all renovations before the property can be occupied. All back taxes
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