Archive for Franklin County Investor Deals
1992 Ormond, Columbus, OH 43224
This property is located on the Northside of Columbus in a very nice Bread and Butter area. Located North of Cooke Rd, and West of Cleveland Ave, this property features 3 bedrooms, 1 bath and a basement. It has a HUGE backyard and deck! This would be a great lease option property!
ARV- $86,500
Rehab- 8-10k (Depending on contractor used)
Purchase Price- $34,000!
895 S 22nd St- Very light rehab, cheap! (SOLD)
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1327-1333 E 24th Ave- 4 unit money maker!
Each unit has 2 bedrooms, 1 bath and a full basement. These are very large units with lots of living space. The best part about this deal is the rehab is minimal. Three of the 4 units just need some minor cosmetic touch ups. All of the major mechanicals are in good working order. You should not have to touch the electrical, plumbing, furnaces or hot water tanks. The basements all have solid foundations and are not damp at all. A few of the units still have all the appliances!!!
The unit that will need some work is the 1333 unit. The roof over this unit was leaking after a huge wind storm we had here in Columbus, which caused some water damage on the back wall upstairs and downstairs. The leak has since been fixed and should be fine now.
Rehab estimates on everything should be in the 10k range, but may vary depending on the contractor used. Do the work yourself and this will be an extremely cheap rehab.
Its your turn to step into the game and start ca$h flowing like crazy. This one should pay your own house payment each and every month.
Rents- $400 per unit
Rehab- 10k (depending on contractor used)
ARV- 120k
This one can be all yours for only $59,900!
Part 1
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Part 2
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Two Columbus Ohio Turnkey Investor Deals-
3177 McGuffey Rd, Columbus OH, 43219___
This 3 bedroom cape cod just underwent a huge renovation. This property is rehabbed and tenants are in place. Call Jeff at 614-419-3853 and pick this one up before someone else does! Only $62,900 and shes all yours!
Rental Information: (actual)
1 yr lease $890 a month – section 8 (guaranteed money)
Lease optioned for $104,900
Comparable Sales: (FYI – you could throw a rock from this house and hit most of these comps)
2999 Ontario $109,90007/30/08
3038 Karl rd $106,900 07/22/08
3051 Hamilton $104,000 05/12/08
1060 Piedmont $100,000 05/01/08
1117 Urana $95,200 03/06/08
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919 Ruby Rd, Columbus OH, 43227- $62,900
This 3 bedroom house has just undergone an extensive renovation, and we have just signed a 2yr lease at $825 a month and a purchase price of $89,900. This is a great deal for the passive investor. Approx Value $89,900
Property Amenities:
New Kitchen,New Electric, New Tile floors, New Plumbing, New Glass block windows in basement
Refinished Hardwood floors, New Bathroom, New Light fixtures throughout.
Rental Information:
2 yr lease $825 a month
Lease optioned for $89,900
Comparables – all less than 1/3 of a mile away
3536 Astor Ave $87,900 sold – 12/19/2008 3bed 1ba 1036sq ft
3562 Astor Ave $89,500 sold 06/29/2008 3 bed 1ba 1036sq ft
716 Weyant ave $91,000 sold 11/21/2008 3bed 1ba 1147sq ft
Location: Located on the East Side of Columbus, this sits close to shopping, all major highways, schools and playgrounds. Awesome up and coming neighborhood.
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SOLD!___3483 Penfield Rd, Columbus, OH 43227
SOLD! SOLD! SOLD! This is a 3 bedroom, 1 bath ranch that is just shy of 900 sq ft with a partial basement. This property is located on the Eastside of Columbus in a nice Bread and Butter neighborhood which is primarily owner occupied. This property would rent for $750-850 per month depending on how you finish it. The property will only need 5k in rehab! It would also make a great lease option property. I myself would fixer up real nice and throw it on the retail market, but thats just my style, what is yours?
Buy it today for only $19,500!!! There are recent comps in the area of similar properties that have sold in the last three months and are within a half mile from the property. These sales range from 68k-82k with an average of about 77k.
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SOLD! SOLD! 876-878 Chittenden Ave, Columbus, OH 43211
SOLD! SOLD! 876-878 Chittenden Ave in 43211. This ready to rehab duplex is nestled among a group of new build homes located in an up and coming part of the Linden area. There are a few recent retail comps of similar doubles in this area that sold for $90,000 and $98,000 within the last 3 months.
This property has 3 bedrooms, 1 bath and a full basement on each side. Due to a mattress that decided to go up in flames like a bonfire, the 876 side has fire damage and will need rehabbed throughout, but did not cause any structural damage and did not affect the brand new roof.
Now on the other hand, the 878 side is close to rent ready. This side was recently rehabbed and was not really affected by the fire. Throw about 2k into the 878 side and its ready to roll and place a tenant that will pay $500-550 per month.
$7,500 and shes all yours!
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1053-1055 E 15th Ave, Columbus OH 43211
This Duplex is located west of Cleveland Ave in the Linden area. Each unit will rent for $550-575 per month. The property needs some lovin, but will make someone a TON of cashflow at this price! Other investors are buying duplexes in the area in the 30’s with similar rehab
Rehab- 12-13k
ARV- 80k
Purchase Price- $19,900
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Columbus Turnkey Double- Duplex that is rehabbed and rented! Start Cashing those rent checks right away!
Turnkey Double- Columbus Investor Deal- 937-939 Linwood Ave Columbus OH, 43232
This duplex is located in Columbus in the Childrens Hospital area. It is a brick double with 3 bedrooms, 1 bath and a full basement per side. Each unit has a whopping 1,200+ sq ft. Each unit is rehabbed and rented. The only repair needed is front porch will need some attention soon. Some of the wood is rotting and eventually need to be replaced. Property Management is in place on this one. One unit is rented at $450 per month, the other is rented at $500 per month.
Only $46,000 to grab this Turnkey Brick Beast! ARV- 82k
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For more Information, Click on the flyer below:
Columbus Investor Deal- 3 Brick Doubles- Package Deal- WOW!
Here we have a unbelievable package deal on 3 brick doubles. The properties are located in the 43213 zip code, a few blocks north of Main St. between Whitehall and Bexley. Each building has 2 units and 1400 sq ft. Each unit has 2 bed/1bath and a full basement. Each unit will rent for at least $450 per month. The Buildings will easily appraise for 80K each after the rehab is complete. All three buildings combined will need 20-25K in rehab. The auditor has the tax values at 79K, 79K and 69K.
All THREE buildings can be purchased for only $59,777!!!!! Unbelievable!
Contact Jeff at 614-419-3853
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