Subject/Details- IF you looking for a property with tons of potential for great cash flow with low operating cost, I suggest paying close attention to this deal before its gone! Perfect property for a great flip or buy to hold opportunity for you or your company!With two single units already rented out and bringing in monthly gross income around $900.00 you stand to double and even triple the monthly income with $5,000.0030,000 in rehabilitation. At the current price to pass on this is to miss out on something special for either the short or long term investor. This property has been locked in a portfolio for nearly 30 years! At Cleveland Wholesale Investments LLC. we consider ourselves very lucky to be offering this great property to you for a fraction of the true value of the house, let alone the potential after placing an additional 30-45 days maintenance. According to trulia, The average listing price for similar homes for sale is $60,609 and the average sales price for similar recently sold homes is $73,715. Get this baby up and running or the upstairs unit and the house in the back (A {very small} full rehab) there is at least $20,000.00 in profit for the flip or great long term growth potential. This property has a very basic and desirable floor plan with two single units up and running and 2 3-4 person family units available with rehab. The best part is it is already half way rented out. Give this property the TLC it needs in the vacant units at any pace you like. 2-1/1 units are running. With rehab of max $30,000.00 1- 3/1 unit and 1- 4/1 unit but you can segment the rehab as you chose potential of an additional $1000.00 in net monthly income.If you are a visionary investor you will definitely see the potential here. There is just too much potential to be ignored. Currently the owner is covering expenses of property with only the two units rented. Rest assured once ready you can rent this property out in no time at all. One newspaper advertisement in the area is averaging 100 inquiries per-week.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
