All Forum Posts by: Ron Jiron

137 S. Warren Ave, Columbus, OH  43206

Property Characteristics:  3 Bedroom, 2 Bathroom, 1312 sqft/8712 sqft lot  House has Great Bones

Purchase Price:  $15,500.00

ARV: $45,000 to $55,000

ARV%: 25% to 30%

Rental Amount:  $650 - $700

Property Evaluation Notes:  Newer Roof, All Windows in Place, No Drywall Damage, Plumbing Good, Solid Foundation and Structure

Renovation:  $3,000 to $7000

Renovation Scope:  Needs:  Electrical Panel, Water Tank, Kitchen & Bath Updates, Basic Clean Up - Paint, Flooring

To See Property go to our website at www.ColumbusResidentialWholesaling.com

Comps:  

138 S. Harris Ave, Columbus, OH  43204   Sold:  $60,000  3Bed/2Bath

201 N. Burgess Ave, Columbus, OH  43204 Sold:  $55,300 3Bed/1Bath

346 S. Hague Ave, Columbus, OH  43204  Sold:  $40,000  3Bed/1Bath

Hello Dineo,  Often times when you are buying a property, you are buying it from a bank that got back the house on a foreclosure.  You might want to start by getting a real estate agent in the market you want to invest in.  They will represent you when making offers.  When you get an offer accepted, you have your escrow period to sell the property.

Property Address:  136-138 Brehl Ave, Columbus, OH  43222

2 Story Duplex - 2 Bed 1 Bath, 1050 sqft each on 3900 Sqft Lot

Purchase Price:  $25,500

ARV: $53,000 to $58,000 (40% to 45%)

Rental:  $500.00 each -  Both Units Currently Occupied

Reno:  $3,000 

Reno Scope:  Cosmetic - Nothing Immediate

At current Rental Rate, Property Paid For in just over 2 Years

Comps:  1557 Thomas Ave. #559, Columbus, OH  43222  Duplex  $55,100

               131-133 Dana Ave.          Columbus, OH  43222  Duplex  $58,000

               140-142 Brehl Ave.          Columbus, OH  43222  Duplex  $58,000

View interior Photos at ColumbusResidentialWholesaling.com

Property Address:  929 Bulen Ave, Columbus, OH  43206

Property Characteristics:  4 Bedroom, 2 Bathroom, 2000+sqft, Full Basement, 2 Car Detached Garage, 0.41 Acre Property

Purchase Price:  $38,000

AVR:  $75,000 to $85,000

Rental:  $850.00

Renovation Amt.:   $3000

Hold Days:  10

Renovation Scope:  Fixtures 2nd Floor Full Bathroom, Light Repair to Garage, Some Landscape Work

Notes:  Home in Very Good Shape - Original Woodwork and Wood Floors - Larger Home and Property for area / Great Value for under $40,000 / Appreciated $6000.00 in last 30 days

Comps:

929 Bulen Ave. #935, Columbus, OH  43206    $116,000   2 extra Bed/1 extra bath

960 Bulen Ave. Columbus, OH  43206    $66,000  1 less Bdrm/1000 less sqft

970 Bulen Ave., Columbus OH  43206   $65,000   1 less Bdrm/1000 less sqft

949 Bulen Ave.  Columbus, OH  43206  $69,000   1 less Bdrm/1000 less sqft

936 Lilley Ave, Columbus, OH  43206

Property Characteristics:  4 Bedroom, 2 Bath, 1485 sqft, Full Basement, Detached Garage

Hardwood Floors / Natural Woodwork

Purchase Price:  $31,000

AVR:  $56,000 - $60,000

Rental Amount $800.00

Renovation Cost:  At Discretion of Buyer

Home Currently Occupied

Renovation Scope:  Nothing abnormal needed on this property / Partially Finished Basement

Comps:  

958 Lilley Ave, Columbus, OH  $58,000  1 less bedroom

946 Lilley Ave, Columbus, OH  $60,000  1 less bedroom

910 Lilley Ave, Columbus, OH  $66,000  1 more bedroom/1 less bathroom

Hi Brandon,

No this is no longer listed with an agent. I've signed a purchase agreement for this property. I have enquired as to why this is still showing on the MLS. A request has been made to remove this listing.

Hi Jean,  I found comps from $625 for a 2 bedroom/1 bathroom/1000sqft house to $775 for a 3 bedroom/1 bathroom/1450sqft.  My realtor on the ground viewed the property, 4 bedroom/2 bathroom/2000+sqft along with evaluating  the neighborhood and gave me his expert opinion and I followed his opinion.

I'm not sure what your issue is here, I have this property under contract and it's a value that I'm offering to investors in the area.  I have different methods of acquiring properties under market value and this is a good opportunity for the right investor.  Ron

This property is easy to show.  Contact me and I'll have my colleague on the ground meet you at the property.  Ron