1st Private Capital
Investment Opportunity · Cleveland, OH

9920 Cumberland Ave

Cleveland, OH 44104 · MLS 5246242

List price
$30,000
7 bd / 3.5 ba
Bedrooms / baths
3,072 sq ft
Living area
1900
Year built
3,598 sq ft
Lot

"Seller is selling as is and will not be making any updates and or repairs. Buyer is responsible to do their own due diligence and will be required to pull all city permits that are needed after the close. NO WHOLE SALERS PLEASE. Serious buyers only."

Listed by Jennifer Webb Russell Real Estate Services (440) 785-8121

From the listing. Welcome to 9920 Cumberland Ave, this an investment property that needs TLC. If you have a vison to create a home with just the bones, then this home is what you are looking for. The possibilities are endless. This home could generate great value. This property has two homes on one lot. A duplex in the front and single family in the back. This is also a condemned property but will NOT be torn down due to permits being in place. Seller is selling as is and will not be making any updates and or repairs. Buyer is responsible to do their own due diligence and will be required to pull all city permits that are needed after the close. NO WHOLE SALERS PLEASE. Serious buyers only.

01 - Price This Property

What you qualify for on 9920 Cumberland Ave.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $30,000
State OH

A ballpark is fine. Nothing is pulled.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $110 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

    02 - The Numbers at Closing

    Priced at the list price.

    ItemOption 1Option 2

    *Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

    We are the lender, not the listing agent. This property is listed by Jennifer Webb, Russell Real Estate Services ((440) 785-8121). To see it or make an offer, contact Jennifer directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.
    Request the Term Sheet Call (323) 304-4978

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