Owner
$79,560
428 E 148TH ST, CLEVELAND, OH
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
4
baths
2
sq. ft.
2,008
property type
Multi-Family Dwellings (Generic, 2+)
hoa
No
About
Residential
Building Quality C
Fair Condition
Living Area
Detached Garage
2 Stories
Unspecified Basement
Forced Air Unit
Frame
None
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1924
Building Size
2,008 sq ft
Lot Size
4,280 sq ft
Lot Size (Acres)
0.10 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
112-20-062
County
Cuyahoga County, OH
Metro Area
Cleveland, OH
Zoning
2F
Neighborhood/Subdivision
LAKE SHORE SUB/J LARONGES
Lot Number
18
School District
Cleveland Municipal School District
Legal Description
16 LARONGE S/L 19 SP 0018 NP
Tax & Value Information
Market Value (Total)
$26,100
Building Value
$21,000
Land Value
$5,100
Annual Property Tax
—
Tax Assessment Year
2022
Assessed Value
$9,135
Last Assessment Year
2022
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
10/16/2023
Recording Date
1/11/2024
Sales Document #
2024.207
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$3,079
Return on Investment
15.60%
After Repair Value
$87,516
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$71,604
Renovation Cost
$3,978
Closing Costs (buying)
$1,432
Holding Costs
$2,172
Selling Costs
$5,251
Total Investment
$19,731
After Repair Value (ARV)
$87,516
Total Costs
$84,437
Estimated Profit
$3,079
Cash Invested
$18,299
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area