$ 12,000.00

  • Bedrooms: 3
  • Bathrooms: 1
  • Floors: 2
  • Area: 1456 sq ft
  • Lot size: 9713 sq ft
  • Year built: 1915


Pick up this fixer upper in Cleveland, OH for just $12,000

Check out this fixer upper located at ________________.  This former REO / bank owned home is a handyman special that needs work and some TLC.  We’ve priced to sell and comes with a great amount of built in equity. We are motivated and must sell this property to make room for new inventory so make an offer.  Sold as-is.

Call 321-286-8253 and ask for Ben

Owner financing is available to qualified buyers with good down payment.

Submit your offer at www.OdellBarnesREO.com/Make-An-Offer

Or apply for owner financing at www.OdellBarnesREO.com/Apply-For-Owner-Financing

Address:  11402 Avon Ave Cleveland, OH 44105

3 Beds / 1  Bath 1,456 Sq Ft

Cash Price:  $12,000 or best offer

Financing Available:  $2,500  down $265 month

Fix up and make a rental:

$12,000 purchase price

$500 closing costs

$20,000 estimated repairs

Total Invested:  $32,500

Gross Annual Rent:  $8,400

Insurance Cost $500 yr

Property Tax Cost $1,200 yr

Mgmnt Co: $840 (10% of gross rents)

Vacancy:  $840 (10% of gross rents)

Repairs / Maintenance:  $840 (10% of gross rents)

Net Operating Income (NOI):  $4,180

Return on Investment / CAP Rate:  12.86%


Key Words:  Fixer upper, Needs work, TLC, Handyman Special, Bank Owned, REO, Auction, Must Sell, Motivated, Estate Sale, Equity, As-Is, Owner Financing, Seller Financing, Seller Carry, Lease Option, Rent to own, Cleveland, Cash Sale, As-Is, Heights, Ohio, OH,

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