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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.

Deal Calculator

Estimated Net Profit

$45,220

ROI: 23.1%·Cash-on-Cash: 96.7%

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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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