South Euclid, Ohio

[Gladimir Lobo]

Investment Info:

Single-family residence fix & flip investment in Westbury.

Purchase price: $25,003
Cash invested: $74,916
Sale price: $120,000

This 2,508 sq ft ranch-style home was built in 1957. Multiple systems required repair and upgrade including HVAC, plumbing and electrical. The kitchen and first-floor bathroom contained the original fixtures. The disjointed and unfinished basement contained a tub outside the bathroom enclosure and underutilized spaces reflecting improper design and poor craftsmanship.