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Pat - Liberty Leasing - Real estate in Akron, OH 44320

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$16,000

May 31st, 2015 01:48 am
1,498 ft²
Bedrooms: 4
ATTENTION INVESTORS! CASH PURCHASE ONLY; NO TERMS PLEASE. MUST BE ABLE TO CLOSE WITHIN 15 DAYS. $16,000 CASH We have this house priced for a QUICK CASH SALE. It will make the perfect section 8 rental. You do the math! This is a great moneymaking opportunity for a savvy investor, in a rental neighborhood near the Akron zoo. We estimate the After Repair Value at $40,000, the repairs at $7,500, and the market rent at $700/mo. 1498 square feet, 3 bedrooms upstairs, PLUS a large finished attic (bedroom), PLUS a basement rec. room that was used as a bedroom, PLUS a large sunroom leading out to the deck. Concrete driveway, wood-burning fireplace in living room. Small fenced backyard, 1-car detached garage with electric opener, large deck plus a little balcony outside of the upstairs bathroom. 2 full bathrooms (1 upstairs, 1 in the basement), and laundry in the basement. Stove, refrigerator, deep freezer, washer and dryer stay. NEW roof, vinyl windows, water heater and front porch components in 2011. flooring is good. Updated electrical service. To be sold "as-is". PLEASE DO NOT STOP BY THE HOUSE, IT IS CURRENTLY OCCUPIED. The reason we are offering this at such a great price: The sewer lateral needs to be repaired/replaced, due to damage from large trees in the front yard. We have an estimate from a reputable (& licensed / insured) local contractor to do this job for $2500. The sewer has backed up into the basement through the toilet and shower drain, so once the lateral is replaced the basement will need some restoration and new carpet squares. The old stuff has already been removed and cleaned up, so it's not as bad as it sounds! Estimate includes camera work and replacing the sewer line to street. A tree may also need to be removed, if so this will be about another $800. So! The total repair estimate of $7,500 is generous. Apart from this issue the house basically just needs some cleanup in the basement, floor paint and carpet squares. And the kitchen cabinets painted, and some painting in the upstairs bedrooms. But you be the judge!
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