Great opportunity in Maple Heights, OH.
This Maple Heights home consists of 3 beds, 1 bath, 2 car garage, 1,140 sqFt of living space on a 6,970 SqFt lot. Don’t miss out on this great opportunity!
Investment and Property Details
At Strandpark Properties, we believe in creating win-win opportunities. We invite our clients to sponsor rehab projects, which not only shares the financial success but also fosters a truly collaborative partnership. While we could fund these projects ourselves, we actively value the insights and involvement of our clients. This unique approach allows you to earn 70% return on your investment, in addition to your initial investment, making it a lucrative opportunity for everyone involved.
Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$60,000
After Repair Value:
$180,000
Investment Duration:
33 Days (27–day renovation phase and a 6-day final closing period)
Return on Investment:
70% ROI
Rehab Cost
$43,000
End Buyer Agreed Purchase Price:
$180,000
Security
IMPORTANT NOTICE: Investment Security and Closing Guarantee
A Purchase Agreement has been signed with a committed End Buyer, providing an anticipated exit for the project.
In the event the End Buyer fails to close immediately following the property rehab completion, Strandpark Properties Limited is contractually obligated to pay the investor their full Return on Investment and Initial Investment on the exact date agreed upon by the investor and Strandpark Properties, as stipulated in the Joint Venture Contract Agreement. This serves as a principal guarantee and ensures the investor is paid on schedule regardless of the final sale timeline.
No Additional Capital Calls: The Operating Partner is solely responsible for any cost overruns, protecting the investor from being asked for further funds beyond the initial $43,000 commitment.
Information Rights: Weekly financial reporting requirements ensure complete transparency, allowing the investor to monitor the project’s financial health in real-time.
Lead Contractor
Benjamin Brooks
Rehab Cost Breakdown
Exterior & Mechanicals ($15,900):
Electrical Panel & Rough-in ($3,500): Wiring new configurations and installing modern fixtures, outlets, and switches throughout the house.
Detached 2-Car Garage ($5,700): Repairing cracked block masonry walls, scraping and painting the exterior structure, replacing side windows, and installing two new garage doors.
Exterior Painting & Porch Restoration ($3,500): Power washing, scraping, painting the main house siding, and painting the front concrete porch steps and pillars.
Windows & Entry Doors ($3,200): Replacing outdated windows with new energy-efficient vinyl units and replacing the main exterior entry doors.
Landscaping & Tree Trimming ($2,000): Trimming back trees overhanging the garage structure, clearing perimeter brush, and basic lawn remediation.
Interior Overhaul ($23,100):
Kitchen Gut & Remodel ($7,200): Complete teardown of old layout, tile wainscoting, and cabinets. Installing new shaker-style cabinets, durable countertops, a new faucet assembly, and new modern flooring.
Flooring & Subfloor Prep ($4,500): Ripping out old linoleum, stained carpet padding, and remnants around the decorative fireplace. Supplying and installing new Luxury Vinyl Plank (LVP) across the common living areas and bedrooms.
Drywall, Ceiling, & Paint ($4,300): Removing dated ceiling tiles, repairing damaged drywall throughout the home, and applying a full interior modern color scheme (walls, ceilings, and trim).
Bathroom Renovation ($3,600): Full demolition of the purple tile wainscoting and dated fixtures. Installing a new clean white vanity, modern toilet, new tub surround tiling, and hardware.
Fireplace & Accent Trim ($3,500): Cleaning and sealing the stone fireplace surround and replacing outdated wood trim across the primary floor layout.
Contingency ($4,000)
Total Rehab Cost: $43,000
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