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Cleveland, OH Duplex - Fantastic Deal
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Time left: |
(9/10/2008 4:04:55 PM) |
Seller: |
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Bids: |
7 |
mgfhouses |
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Current Bid: |
USD 152.5 |
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mgf.houses Store
SELLER FINANCING!
BEGIN WITH A SMALL DOWN PAYMENT AND OWN THIS GREAT INVESTMENT PROPERTY!
YOU ARE BIDDING ON THE DOWN PAYMENT
After the down payment, your monthly payment is $275 per month for only 10 years!
Pay way below market value to move in right away!
FINANCING:
After 10 years, this home completely pays for itself. The purchase price for this home is $20809.57 with financing at $275 per month at a 10% interest rate for 10 years. The monthly payment includes principle and interest. For those interested, cash offers are accepted at an even more discounted purchase price. Property taxes and homeowner’s insurance to be paid separately.
The purchase of this home begins as a land contract, and after 12 months of on-time monthly payments and when taxes and water bills are current and paid in full, the deed for the property will be placed in your name.
Our records indicate that the back taxes on this property is $615.68 and the water amounts on this property is 982.81. It is the responsibility of the buyer to pay these amounts. We highly advise that you confirm this information with the county prior to purchasing.
DESCRIPTION:
2 story asbestos siding duplex.
Each unit has living room with bad cabinets and no sink
Each unit is 2 bedrooms and one bath with tubs only.
Needs 5 windows and has ceiling and wall damage.
No water heater or furnace.
This property does need some repairs and regarding the condition of the house, it is being sold “as-is”, “where-is”. The pictures of the home were taken July 15th. Buyer would also be responsible for back water and back taxes. We always recommend that you confirm these details with the county before purchasing. The listing price of the house has already been adjusted in regards to the amount of back taxes and water.
If you are a serious buyer and would like to inspect the property, please feel free to contact me. I have limited knowledge of the cost of repairs or state of specific items (carpet, painting), so it is recommended that you do visit the property to assess repairs. Showings are available by request!
Terms:
The down payment is due within 24 hours of the auction closing. We prefer PayPal always, however wire transfer or cashiers check can be accepted.
Upon receiving the deposit we will overnight a land contract to be signed and notarized and sent back to us. The following day I will sign and notarize the contract and you take possession of the house. After 12 months of on-time monthly payments, the deed is transferred to your name.
All bidders with a score of 4 or lower must contact me before bidding. BIDDER MUST HAVE A MINIMUM CREDIT SCORE OF 500 AND A NET INCOME OF $1200 PER MONTH TO QUALIFY. Exceptions can be made on a case-by-case basis.
I reserve the right to deny any bidders that do not meet the above criteria.
For further information, please send seller message or contact:
Shirley Grant
(866) 643-1612 Toll Free
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