4384 Ingleside

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Details:
AddressProperty typePurchase PriceRehab costARVDate of PurchaseProjected timeline for
refinance or sale
4384 Ingleside, Warrensville Hts, OH 44128 Rental, Class C$36,000$38,858$53,50006/10/20154 months
 
Date of SaleSales PriceCoCAnnualized ROI% Difference of Projected
vs Actual ARV
% Difference of Projected
vs Actual Rehab
% Difference of Projected
vs Actual Timeline
 
Timeline:

02/23/2016

Ingleside has been sold.

02/09/2016

Property set to close this Fri, Feb. 12th.

01/26/2016

Ingleside should close within the next week.

12/29/2015

Under Contract – part of bulk financed package, to be closed sometime 1st couple weeks into January.

12/15/2015

Selling in 2 weeks.

12/01/2015

Property was sold, but deal fell through due to Buyer’s financing difficulties. IIP has another lead on a cash buyer. Property was rented to Sec 8 tenant but was moved out due to reckless behavior.

11/17/2015

Ingleside financing fell through so we have begun to remarket.

10/20/2015

Closing in a few weeks.

10/06/2015

All 3 properties are now under contract for sale, subject to financing, and set to close within next 5 weeks. Ingleside – Nov. 16

09/22/2015

Property was rented as of Sept.15 to a section 8 tenant, but the tenant demanded her rent back due to a leak in the basement she discovered without informing the PM. They removed her from the property as was deemed unstable, but kept her deposit.

06/10/2015

Date of Purchase