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Move-in ready at 60% ARV

Move In Ready 3/2 Deal

Cleveland, OH

$124,000After-repair value · $200,000
Beds3
Baths2
Living area1,725 ft²

A mostly renovated 3-bedroom, 2-bath single-family home with an estimated after-repair value of $200,000 and a relatively light $7,000–$11,000 repair range. The move-in-ready condition creates flexibility for an investor: pursue a resale strategy with limited additional work or consider a rental-oriented hold after verifying market rents and operating expenses. The Numbers: • Estimated ARV: $200,000, providing a clear resale benchmark. • Repair estimate: $5,000–$10,000, focused on completing or fine-tuning an already renovated property. • Assignment opportunity with a $3,000 minimum EMD. • 1,725 square feet on a 6,750-square-foot lot supports a practical 3/2 layout and broad resale appeal. Property Details: • 1920-built single-family home with 3 bedrooms and 2 full baths. • Described as mostly renovated and listed as move-in ready, potentially reducing execution risk and carrying time compared with a heavy rehab. • Roof is approximately 5–10 years old, helping limit near-term replacement concerns. • Foundation condition is reported as good. • Driveway parking adds everyday functionality for owner-occupants and renters. • HVAC type, heating system, and ages are unknown and should be verified during due diligence. Comp Support: Four supplied range from $195,000 to $233,000, including sales at $200,000 and $215,000. This range supports the stated $200,000 ARV while also highlighting upside if the finished condition, buyer demand, and final renovation quality align with the stronger comparable sales. Nearby Comparable Sales 4311 Behrwald Avenue Cleveland, OH 44109 — Sold for $200,000 4701 Ardmore Avenue Cleveland, OH 44144 — Sold for $195,000 4417 W 51st Street Cleveland, OH 44144 — Sold for $215,000 4414 Henritze Avenue Cleveland, OH 44109 — Sold for $233,000