Selling a SFR in Cleveland

[Terry Kavouras]

For Sale:

$35,000
3BR/1B/1100sf
West 90th Street, Cleveland

House was previously rented for $840 per month.There was a small fire on the outside, upstairs porch. Had ServPro come in and do fire remediation cleaning.  They had to take the kitchen down to the studs.  So the house needs some rehab.

The Bad:
House needs the following:
New kitchen - Cabinets, sink, countertop, walls, wood floor refinished
New upstairs back porch - Needs to be replaced. The porch is also the roof of the kitchen.
Bathroom rehab - New floor, possibly new sink.
Attic - Insulation
Upstairs Hall - Ceiling repair (a ServPro worker stepped through the attic ceiling, made a 2'x2' hole that needs repair)
Backyard fence needs some repair
Estimate of all repairs is about $17K
Comps are pretty widespread, but the nicer homes are in the $60-80K range for that area.  And this would be one of the nicer homes if it was fixed up a bit.

The Good:
A thorough (and expensive) fire remediation cleaning from ServPro.  They removed the attic insulation, cleaned the rafters, floor and roof sheathing.  They cleaned every wall, ceiling and floor of every room in the house.  They removed the asbestos tile floor in the basement and cleaned every surface. They removed the kitchen down to the studs and cleaned everything.
The rest of the house is in good shape.  It features leaded glass cabinets, hardwood floors, lots of beautiful woodwork. The boiler is a couple years old and super efficient.

Respond here if interested.