HUGE Solid Brick 2 Story 4 Bedroom Property In Youngstown Ohio For Sale By Owner Real Estate, Investment, Investors, House, Home

Sold $8,600.00 66 Bids, eBay Money Back Guarantee

Seller: super-a-wholesalers (151) 98.2%, Location: Youngstown, Ohio, Ships to: Free Local Pickup, Item: 274007980071 SOLID 2 STORY BRICK HUGE ESTATE FOR SALE BY OWNER GREAT INVESTMENT OPPORTUNITY 7 DAY AUCTION Welcome! Hello, and thank you for taking the time to visit my eBay Real Estate auction. My name is Reemon and I am the co-owner of this beautiful 4 Bedroom Home located in Youngstown Ohio. This is a 7-day auction and the deed will be transformed to the new owner within 14 days after the auction. Please feel free to contact me at (330) 766-4408 (Call or text) or you may reach me at About the property! Built in 1927, this is a solid brick 1716 Sq Foot 4 Bedroom Single Family Home. The downstairs consists of a large living room, dining room, kitchen and 2 bedrooms. The upstairs has a huge hall (which can easily be used as a bedroom making this house a 5 bedroom), 2 normal sized bedrooms and 2 storage rooms. There is also a full basement and small attic/crawlspace. The property was onced used as a duplex and could be converted back into one but is currently being sold as a single family home. The foundation and structure are strong and in very good shape, the electric system is fully intact and has an updated amps system, the house will need a furnace and a hot water tank along with the plumbing reinstalled. There are some windows that will need to be replaced. Overall the property is in very descent condition for its age and for the price I am selling it. However it does need some work. I just finished painting the inside, installed new flooring in the kitchen and the 2 upstairs storage rooms, I removed replaced the back end of the roof along with a number of other repairs. Please also note also that there is a some garbage bags in the back that need to be removed. Once you turn on the water, you can just place them in the front yard and the garage man will take them. As an Investment! For many of you this property will be a great opportunity to buy and live in your own very own house debt free without throwing away money on rent. Others are looking for great investment property. Or, maybe you are new to real Estate and don’t know where to get started. This could be is a great and inexpensive way to get started investing in Real Estate. Fair market rent for this area is about $400 to $425 for most 2 Bedroom Homes & about $425 to $475 for 3 Bedroom homes. 4 Bedroom houses can get you between $475 and $500 monthly. These are fair and honest numbers that I have personally gotten from my tenants in the past for similar properties. There is a demand for housing and it usually takes me between 30 to 40 days to find quality tenants for a Home in Good condition. Now, lets do some calculations based on the conservative $500 a month (which you can easily get especially if you go section 8 housing). $500 x 12= +$6,000 -$600 (Based on an average of $50 a month property Management; recommended for out of state buyers) -$500 (average yearly taxes & Insurance) -$1000 (Average yearly average repairs) = $3,900 Annual profit or $325.00 monthly profit Not bad for the price of a newer model used car. Plus you will have genuine equity in the property the minute you buy it. And the best part about investing here is Section 8 Housing. Another Great benefit of buying this house are the extremely low Property taxes. Property Taxes are very low at just $254.59 A year. Please be aware that there are $1,042.31 in back taxes that have not been paid yet. The New owner will be responsible for this amount. You do not have to pay this to the city immediately, you can simply make payments to them over the course of a few years if you would like. Where I come from (California) you cannot even come close to buying houses anywhere near this price and getting these types of returns on your investment. Section 8 Housing! One of the best things I like about buying property in this area is the availability of section 8 housing. If you are just getting started in Real Estate; you should know about this awesome program. Section 8 housing is for limited and low-income families who qualify for government paid housing assistance. The city will pay part or all of their rent for them as their income level qualifies. The benefits of having a section 8 house is that your rent is guaranteed every month on time and the tenants tend to stay longer assuming you maintain the repairs needed. Setting up a Section 8 house is easy and I would be happy to walk you through the process (I have done a number myself with Good results and I highly recommend section 8 housing). How the process works! A 10% deposit is sent via Paypal within24 Hours after the auction ends. If you do not have a paypal account, please contact me for other arrangements (i.e money order, Bank wire or Bank Check). All the paper is sent to you via email. You simply sign the documents and sent the remaining funds in and the title company will take care of the rest. The title company I use and have used for over 10 years is Commonwealth Suburban title agency in Youngstown Ohio 3620 stutz Dr, 44406 Phone Number (330) 965-2290. Once the deed is recorded in your name I mail you the keys along with a copy of the deed. It’s that simple and the process usually lasts between 14 and 21 days. Out of State and even out of Country buyers are perfectly welcomed and allowed to purchase Real estate here. A few final words! Thank you once again for taking the time to view my real estate auction. I really do appreciate it . Please do not place a bid unless you have your funds ready and can close within 14 days. All of the pictures where take by myself about 8 months ago. You are more than welcome to come and visit the place and meet me in person, but please make arrangements to do so before the auction ends. Please also note that I currently have the house boarded up to help keep it protected. Please remember that this is a fixer upper and you are buying an inexpensive property at a great price. Your Top bid is the full purchase price of both the Property and the land it sets on. So please bid up to whatever amount you feel this estate is worth to you. There are no other costs other than the closing fee, which is a very modest $299. Thank you once again & happy bidding. Condition: Please Read The ad, Property Address: 26 W lucius, Number of Bedrooms: 4, State/Province: Ohio, Seller State of Residence: Ohio, Number of Bathrooms: 1, Zip/Postal Code: 44507, Property Type: House, City: Youngstown, Square Footage: 1716, Setting: Suburban, Sale Type: Existing Homes, For Sale by: Owner, Year Built: 1927

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