Norton OH 44203
Asking Price
$190,000
Beds
3
Baths
2
Square Footage
1,508 sqft
Property Type
Single Family
Year Built
1920
Lot Size
42,688 sq ft
About This Property
Looking for a property with several major updates already completed and room to add value? Check out this opportunity in Norton, Ohio!
The property has had improvements to the living room, electrical system, plumbing, and hot water tank, along with a newer roof and HVAC system. The kitchen and bathrooms still need updating, giving investors or owner-occupants an opportunity to personalize the remaining spaces and build additional value.
PROPERTY HIGHLIGHTS
3 Bedrooms / 2 Bathrooms
Approximately 1,508 SF
Approximately 0.98-acre lot
Detached garage with reported 3-car capacity
Partial basement with sump pump
Well water and septic system
PROPERTY UPDATES
Living room renovated
Electrical updated
Plumbing work completed in the basement related to bathroom leaks
New hot water tank
HVAC system from approximately 2015
Roof replaced in 2019
INVESTMENT POTENTIAL
This property may be a fit for buyers looking for a home with several major systems already updated and the opportunity to add value through interior improvements.
Asking Price: $190,000
Call/Text Laith 380-270-1216 to lock it in
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
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Estimated Net Profit
$45,220
ROI: 23.1%·Cash-on-Cash: 96.7%
Project Breakdown
- Sale Price (ARV)
- $266,000
- Purchase Price
- $190,000
- Rehab Budget
- $0
- Interest (12%, 4 mo)
- $6,080
- Points (2%)
- $3,040
- Closing Costs (3%)
- $5,700
- Selling Costs (6%)
- $15,960
- Total Cash Required
- $46,740
- Net Profit
- $45,220
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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