8 BEDROOM DUPLEX INVESTMENT

As an example: this is a two unit home for which you pay $5000/unit. Rehab each unit @ $5000, so total cost of rent-ready unit @ $10000. You rent all 2 units total  $1600/month. At the end of the first year, potential investment return is 96%, as well as huge equity, making this investment a NO BRAINER !

You are Bidding on the Full Purchase Price of this Property !

There is NO reserve on this huge duplex!

** Now’s the best time to buy property, whilst it’s way below market value **

PLEASE IF YOU HAVE ANY QUESTIONS, ASK, AND WE’LL TRY TO GET BACK TO YOU AS BEST WE CAN

CALL ME AT: 216-618-5307

The appraised value for this DUPLEX is $82,000!

The Property address is: 1557 East 86^th Street, Cleveland, Ohio 44106

About Cleveland, Ohio:

The entire country is realizing something the 2.5 million people living in Greater Cleveland have know for years, that this is an exceptional city in which to work, live and learn. In fact, Cleveland was named the United States' 12th most liveable city among 333 rated in the new edition of Prentice Hall's Places Rated Almanac.

Noted favourably were its health care institutions, the arts, and the four season climate.

In addition, Cleveland is home to 30 Fortune 500 companies that are characteristic of its healthy, diversified economy.

Cleveland is strong in biomedical technology, polymers, electronics, manufacturing and publishing.

Its extensive service industries include major law and accounting firms, banks and health care institutions.

Downtown Cleveland has undergone a renaissance during the past decade and now offers a range of attractions to rival any city in the nation.

Visitors marvel at assets including the Rock and Roll Hall of Fame and Museum, Great Lakes Science Centre and first-rate professional sports including Indians baseball, Cleveland Browns football, Cavaliers basketball, and Lumberjacks hockey.

Night life features a variety of theatre and dance options in Playhouse Square as well as the popular riverfront clubs of the Flats and a variety of restaurants and bistros offering live music.

Neighbourhood Description:

The property is located near many schools in the neighbourhood with strong investment activity.

The home is centrally located within a few miles of several major universities and colleges in and near Cleveland, including Kent State University, Case Western University, Myers University and Lorain Community College, making this a convenient location for professors and students, alike.

For golf aficionados the home is less than 3 miles away from the Mayfield Country Club, Highland Park Golf Course and Oakwood Golf Club.

Additionally, there are 27 churches all within a mile of the home, a strong testament to the strength and character of the neighbourhood.

Route 77 and route 90, both major highways, are easily accessible and within close proximity from the home.

Home Description:

This is a fantastic eight bedroom duplex. The home is very spacious featuring over 2,550 square feet of living space with 8 bedrooms and 2 full size bathrooms.

It is centrally located near parks, schools, shopping and employment.

This property could make two good homes or very good rental cash flow income property.

It features a very bright and open feel in each room for everyday living or to accommodate guests and relatives for special occasions. It also has a fire place (see photos).

There are two large kitchens and 8 spacious bedrooms, which are located away from the living area for increased comfort and privacy.

There are 2 bathrooms, one in each unit. This is a very stylish and attractive home and it was designed with a strong emphasis on detail.

The home features a spacious 2 unit living arrangement, although it's clear that some good cleaning and much renovation will bring it to its full rentable potential. Some painting, as well as bathroom renovations will be necessary, although the roof seems in excellent condition.

The conservative rents in the area are around $750 to $850 for a 4/1, so this would yield a potential income of over $1500 per month for both units!

The units in this Duplex are Unit 1 - 4/1 and Unit 2 - 4/1. Both these spacious units will be very easy to rent once fully updated!

It features a full width covered front porch with metal railing and wide stairs making it a perfect place for families to gather and neighbours to meet. There is also an attractive front and back yard. The 1^st floor has its own covered porch.

There are steps leading up to the front porch and entrance making the home attractive and inviting. This is a true American classic!

Investment Analysis :

A Real Estate portfolio is the best investment for you and your family - far better and less volatile than stocks!

This house is perfect for a family or for an investor.

Being a duplex, this home has tremendous value as an investment; in fact this home was assessed at $82,000 in 2007!

According to the Cleveland Chamber of Commerce, a median 2 bedroom home rents for $550 per month, yielding strong cash flow if used as a rental or an attractive profit if sold.

This is a duplex with four beds/unit, therefore you could more than double this income potential!

A small investment in real estate can be a great step towards building a real estate investment portfolio, creating sustainable wealth and achieving financial independence.

Keep and Rent for Huge Return or Flip for a Large Profit!

Please Take the Time to Review the Comps in the Area :

TERMS - PLEASE TAKE NOTE!

You are bidding on the FULL PURCHASE PRICE of this auction. Upon completion of this auction and final payment, the HOME WILL TRANSFER FREE AND CLEAR TO THE BUYER.

Purchaser agrees to accept the property in "AS IS, WHERE IS” condition at the time of closing, with NO WARRANTY EXPRESSED OR IMPLIED.

Any representations of this property are merely the opinion of the seller. All buyers are encouraged to perform their own due diligence.

This is a true handyman special. We have limited information on this property. What we know about this property, we have posted on the property profile. If it’s not here, we don’t know!

WE ENCOURAGE YOU TO DO YOUR OWN DUE DILIGENCE PRIOR TO PURCHASE. WE WELCOME YOU TO VISIT THE HOME.

This is a "CASH AUCTION." When submitting your bid, you must have funds on hand to complete the purchase.

Seller reserves the right to end auction early.

"THIS AUCTION IS FOR SERIOUS BIDDERS ONLY." Please do not bid if you will not fulfil your obligation.

Any winning bidders who do not close will be reported to eBay for buyer misconduct.

If you have any questions, please feel free to ask prior to conclusion of the auction.

IF YOU DO NOT HAVE THE MONEY DO NOT BID AS THESE LISTINGS COST MONEY.

NO INTENTON TO BUY = DON’T BID !!

Cash sale only and will require a non-refundable $950 down payment. Pay Pal within 24 hours and the full amount will be due within 5 days of the Auction.

This home is sold AS-IS, Where-IS, and with all faults if any. Please do your own due diligence and have at least a visual inspection of the outside and inside of this house.

Everything I have mentioned is my own personal opinion. There are no guarantee Please look at this home. 

Steps for Closing :

Upon winning the auction, BUYER MUST CONTACT SELLER IMMEDIATELY via phone or email providing:

1. Name to be placed on deed.

2. Phone Number

3. Address to send settlement sheet.

4. A $950 non-refundable earnest money deposit (Paypal preferred); this deposit must be received within 24 hours of winning the bid plus the closing cost of $500, giving a total of $1,450.

A purchase agreement will be sent to buyer within 3 days and the buyer will need to sign, initial it and send it back. 

The full amount of the home purchase will be due within 5 days of the end of this Auction, sent to seller by Paypal, Bank Wire or Money Order (non-negotiable).   

If the seller has not received funds or heard from the purchaser within this period, the transaction will be considered void, and buyer misconduct reported to eBay.

5. Buyer also agrees to add the appropriate closing and transaction costs to the amount of the bid.

This is approximately $500 and covers deed preparation, transfer tax etc….

6. All documents and buyer information will be sent to a title company for closing of this transaction within 10 days of the end of the auction.

After 10 days, when all documents and Information are sent, the Title Company will choose a closing date for this transaction.

At the end of this auction, I will need the name that is going to appear on the deed, your phone number, the address that you want the deeds sent to and an e-mail address. This information will go to the title company.

Please ask any questions prior to the auction's end; there is no time to do so once the auction is over!

***NOTE TO BIDDERS***

Users with a feedback score of 5 or less (or users new to eBay), must e-mail seller with their full name and contact number. If you do not perform this request, we have the right to cancel your bid. 

YOU MUST READ AND AGREE TO THE TERMS BEFORE SUBMITTING A BID

THIS HOME IS A GREAT INVESTMENT. I MUST LIQUIDATE ALL MY ASSETS, SO MY LOSS IS YOUR GAIN

FOR OUT OF TOWN INVESTORS, WE CAN RECOMMEND A GREAT REHAB COMPANY - JUST ASK!

CHECK OUT MY OTHER AUCTIONS FOR FANTASTIC OPPORTUNITIES

PLEASE CALL ME  (1-216-618-5307) IF YOU HAVE ANY QUESTIONS

GOOD LUCK BIDDING - THANK YOU