Willoughby, OH 44094

Rare High ROI Opprotunity with 2 family home on one lot!!

Single/Two Family Discover this truly one of a kind home that sits on a full acre of land, offering a great investment opportunity to buy and hold + parcel and sell the land or quick flip

The Numbers

• Price: $199,000

• ARV: $280,000+

• Gross rents: $2,150/mo — $25,800/yr

• Gross yield at ask: 12.9%

Propertyhouse described as in great shape overall — fully repaired/renovate in 2023

• 3 bed / 2 bath | 2,196 sqft living | Built 1979

• 1.5 stories, bungalow, full basement, 1 fireplace, patio

• Central air, forced-air gas heat

• Asphalt roof, vinyl siding

• Detached 400 sqft garage

• Municipal water and sewer

• Lot: 1.071 acres, 46,653 sqft, 150 ft frontage

• Not in a flood district

Current Income (all under market rent)

• Main level: $1,500/mo, ~1 year left on lease, tenant will take an early exit

• Upper level: $650/mo, month-to-month Tenants will vacate at close if preferred by buyers.

• Condition House is in good shape

• Comps

  • 1726 E 291st St, Wickliffe — $280,000

  • 2772 Oak St, Willoughby Hills — $287,000

  • 28862 Eddy Rd, Willoughby Hills — $322,000

  ACCESS BY APPT ONLY (24hr notice for tenants) Text Laith +13177079891 to lock it in or for more details