Wholesale Assignment – 2BR/1BA Distressed SFR, ARV $90K+
3607 E 131st St, Cleveland, OH 44120 · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units4
Beds / baths6 / 2.5
Living area3,450 sqft
Lot0.38 acres
Year built2011
ConditionDistressed
About this deal
Assignable wholesale contract on a 2-bedroom, 1-bath single-family in a steady rental corridor. Property sustained storm damage to the rear — needs new roof, drywall, flooring, and kitchen update. Estimated rehab: $30K–$38K. ARV comps in the $90K–$98K range based on three closed sales within 0.25 miles. Assignment fee priced into the contract. Proof of funds required.
The numbers
- Cap rate
- 8.6%
- Net operating income
- $19,752/yr
- Cash flow
- +$1,646/mo
- Occupancy
- 3 of 4 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.