3020 W 47th St

INVESTORS DREAM!! Do not miss this opportunity to own a rare 3 unit money maker nestled in-between highly sought after Burroughs; Ohio City, Tremont and the Detroit Shoreway one of the few properties to benefit from the Train Ave Project . This property is 4 minutes drive with only ONE stop sign and ONE traffic light to Tower City or the West Side Market Via a little used Train Ave. Driveway is accessible off of W 48th Pl. With detached garage. This investment is for experienced real estate investors or hardworking and competent DIY-ers. This is not some easy money flip but it is A LOT of money flip with potential 3k+ monthly income requiring people that are capable and know what they are doing. THIS IS WHY THE PRICE IS SO LOW. It will need A FULL REHAB and a complete renovation. Foundation is good and solid but the rehab will be for the floors sagging on the ground level. Some of the floor joists will need replaced. There is only a half basement under the front unit. Roof has no leaks however it will need demo down to the studs to get to it's full potential and be done, THE RIGHT WAY! You could definitely patch and repair just to get tenants in. Rental income with garage could easily be over $3600 a month but that doesn't come for free it will take some work to get there. The bones are phenomenal with high ceilings and an overall beautiful curb appeal and enormous potential especially being on the front row for the Train Ave Project and Cuyahoga river valley bike path with the Metro parks buying much of the property along that road. This is priced to sell. I am open to offers. Call me for walk-throughs(with proof of funds) I currently have it boarded up so serious inquiries only. No liens on the property AT ALL. title is free and clear. I have two buyers already but i told them I'm listing it briefly to try and maximize my gain because I probably shouldn't even sell it. It's a no brainer if you know real estate and you know the area. Matthew I will arrange to have an open house Sunday from 8am to 2pm First 55k offer with no walk-through, as-is will take it. I've seen these same properties sell for twice as much and sheriff's auctions don't let you look inside either. Don't let fear ruin an opportunity to own a unique triplex in the hottest locations of the lower West side... I may have just talked myself into keeping it.