item description

 

Attention Investors!

RENTED PROPERTY

Turn Key Investment

Beds:  3        SQ FT: 1,300      GARAGE:  1 CAR 

BUILT IN EQUITY + POSITIVE CASH FLOW!

Security Deposit :  $450

Monthly Cash Flow:  $450

21% Cap Rate!!

This solid home has newer flooring, central air conditioning, large kitchen with dishwasher, ceiling fans, updated electrical, garage, newer furnace, covered porch, and a full basement.

Tenants are always on time with their rent!

For easy management, tenants mail their rent directly to owner

or a property manager is available for a 10% fee.

Only $23,600

 

About the area:

Less than 3 miles from 3 High Schools

3 miles from Youngstown State University (YSU)

Great location - close to shopping and schools, freeways, hospitals, and downtown Youngstown

payment details

Payment Info

Notice to Bidders –   Bidding Rules All due diligence to be done before auction closes! Serious   bidders ONLY. Non-paying bidders will be reported for suspension. There will   be absolutely no negotiations with price adjustments after auction ends. We   are still charged for listing a closing fees, therefore, ALL non-Paying   bidders are responsible for all listing AND closing fees charged to us. THIS IS A FINAL & CASH ONLY SALE. NO SELLER FINANCING. FULL AUCTION CLOSING AMOUNT + 10% buyers premium + $895 for the closing   costs, which includes title insurance, recording,   etc. (certified check/bank wire to our company OR the title/escrow   company, NO PAYPAL). PAYMENT DUE WITHIN 48 HOURS OF AUCTION CLOSE ON THIS INVESTMENT PROPERTY -   NOT NEGOTIABLE. YOUR BID IS BINDING CONTRACT TO PURCHASE THIS INVESTMENT   PROPERTY. SERIOUS INVESTORS ONLY!

YOU ARE BIDDING FULL PURCHASE PRICE OF PROPERTY AND LAND.

100% FREE AND CLEAR!

Warranty Deed Issued with Title Insurance.

No Back Taxes or Liens.

No encumbrances of any kind.

No Gimmicks!

International Investors Welcome!

Fast and Secure Closing - NO NEED TO BE PRESENT.

 

Interesting     facts about this great city..... Median home value in Youngstown, Ohio:        $89,020   Entrepreneur Magazine:  The August 2009 Issue featured an article on "Where to be an Entrepreneur" highlighted Youngstown, Ohio as one of the top 10 U.S. cities to start a business. (Excerpt from www.cityofyoungstownoh.org)     The City of Youngstown, as well as the residents, are proud of all the     projects currently underway within our city limits. Federal Street has been     reopened as downtown’s main thoroughfare, and the new convocation center     has opened as the Chevrolet Center. Bridges are being rebuilt and new     businesses are locating downtown in an effort to enhance the high standard     of living grown accustomed to by the citizens of Youngstown and the entire Mahoning Valley. Youngstown     is also known for its dedication to the arts.  The Butler Institute of American Art,     one of the nation’s most unique museums, is located north of the downtown     area near Youngstown State University. Also in the downtown area is Edward W.     Powers Auditorium opened in 1931 by the Warner Brothers, one of the     giants of the motion picture industry. For more     information, visit www.cityofyoungstownoh.org

Questions and Answers

1. What is the price of the property?

      The price is whatever the auction ends at, determined by the highest bidder. It could be the opening bid if you are the only bidder or it could be much higher.  Put in your maximum bid and the auction site will do the bidding for you up to that amount.

2. Are there any back taxes or liens?

       No, none.

3. How much are the yearly taxes?

    The annual taxes on this property are $472 and are billed by the county twice a year, (March and August).  That is your only bill.

4. Do you accept International Buyers?

    We welcome International bidders from ANY country.  We make this a simple, secure safe and easy closing process.  You do not need to be present to purchase this home. 

5. How much are closing costs?

    $895

7. May I see the house?

    Yes, you are welcome to drive by the home.  If it is a rented property, let us make arrangements to give consideration to tenants.  Please don’t disturb them.

8. Do you have owner financing as an option?

        Unfortunately not with this property, but feel few to email about our other homes where we offer owner financing.

9.  Do I need to be concerned with lead paint testing?

       We do not purchase or sell homes that have been tested positive for lead paint, and we recommend others do the same.  We advise buyers to ask sellers if a lead paint test has been conducted.

10. If I am the winning bidder, what happens after the auction ends?

    We will contact the winner immediately after auction closing to request specific information to finish the sale.  We will need the full name(s) to be put on the deed, your mailing address, telephone number, valid e-mail address, and fax number (if available).  You will then receive the purchase agreement to sign and fax back.  Funds need to be wired or sent overnight within 48 hours after auction closes. 

    After we receive the signed purchase agreement and funds, the deed will be recorded in your name, usually 7-10 business days.

We are     real estate wholesalers specializing in investment properties. We use a vast network of agents, brokers, banks, HUD's and many other     sources to locate extremely undervalued investment properties for our     investors. We have sold hundreds of low-priced single family,     multi-family, and commercial properties. We specialize in maximizing     the highest rate of return for our buyers. With our vast     knowledge of the area, plus extensive local contacts, we can     offer some of the most solid and rewarding investments available.