1217 S Diamond St, Ravenna, OH 44266
Great opportunity in Ravenna, OH.
This Ravenna, home consists of 3 beds, 2 bath, 1,274 sqft of living space on a 7,187 Sqft Lot. Don’t miss out on this great opportunity!
Investment and Property Details
At StrandPark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 50% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$92,000
After Repair Value:
$210,000
Investment Duration:
42 Days
Return on Investment:
50%
Rehab Cost
$24,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $195,000 and has made a 25% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Oscar Gallego
Property Details:
- Size: 3 beds, 2 bath, 1,274 sqft of living space.
- Lot: 7,187 Sqft Lot
- Year Built: 1971.
Rehab Cost Breakdown
I. Pre-Rehab (Total: $2,800)
- Deep Cleaning & Extensive Debris Removal (All Rooms & Garage):$2,000
- Pest Control/Extermination:$500
- Utility Assessment & Basic Hookup:$300
II. Interior Rehabilitation (Total: $18,700)
- A. Selective Demolition:$700
- B. Walls & Ceilings:$4,000
- C. Flooring:$4,500
- D. Kitchen :$4,000
- E. Bathroom:$3,500
- F. Electrical & Plumbing (Minor Updates & Safety):$1,500
G. Doors & Trim:$500 - III. Exterior & Ancillary Areas (Total: $2,500)
- A. Garage:$1,000
- B. Attic :$500
- C. Exterior & Landscaping: $1,000
Total Rehab Cost: $24,000