💥 40k price drop, 51% yields + price puzzle

Investigate the duplex price mystery, grab the yield beast + 2 more bank-owned steals

This week's opportunities include a duplex with mysterious 30% price surge requiring investigation.

Plus a quadruplex with $40K price crater from failed closing.

Also a 51% yield beast generating competitive bidding wars.

And a university conversion play offering $4K+ monthly potential.

Free readers get the price surge mystery.

Paid subscribers get all 4 quadruplex opportunities.

REX Covered Call ETFs (FEPI, AIPI, CEPI) offer stock exposure seeking monthly distributions, targeting NAV growth and income using covered calls.

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Distressed Deals of The Week

🚨 Duplex - 30% Price Jump Mystery

6-bed, 2-bath duplex | 2,418 sq ft | $29/sqft | 30% markup in 2 months from $53,500 to $69,900.

Sub-$900 annual taxes + detached garage + full basement = solid carrying costs for experienced investors who can solve the price surge puzzle.

💥 Quadruplex - $40K Price Crater

8-bed, 4-bath multifamily | 3,828 sq ft | $23/sqft | Failed $130K closing now priced at $89,900.

$22,475 per unit + 3-car garage = exceptional density for contractors comfortable with 130-year mystery defects.

🔥 Quadruplex - 51% Gross Yield Beast

8-bed, 4-bath building | 5,565 sq ft | $14/sqft | $850/unit proven rents = potential 51% gross returns.

Hot property: 1,973 views, 168 saves in 6 days + 1,841 sq ft finished basement = move fast or lose out to cash competition.

🎓 University Housing - $4K Monthly Machine

6-bed, 4-bath duplex | 3,696 sq ft | $41/sqft | 4-unit conversion potential near university campus.

Students pay ALL utilities + hospital proximity + proven $920/unit history = $4,000+ monthly gross.

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395 E 149th St, Cleveland, OH 44110

🏠 6 beds, 2 baths | 2,418 sq ft | $69,900

Built 1925. Duplex foreclosure in North Collinwood.

3BR/1BA per unit. Traditional up/down layout.

At $29/sqft, this is priced 30% above recent comparable sale but still represents solid distressed value.

💡 Pro Tip:

Recent sale at $53,500 just 2 months ago suggests current asking price has $16,400 markup.

Either significant improvements were made or seller is testing market tolerance.

💰 Financial Snapshot

• Est. Market Value: Zestimate unavailable

• Purchase Status: Bank-owned

• Current Ask: $69,900

• Layout: 6 bed / 2 bath duplex (3BR/1BA each unit)

• Building Size: 2,418 sq ft

• Lot Size: 5,031 sq ft

• Year Built: 1925

• Price per Sq Ft: $29/sqft

• Rent Zestimate: Not available

• Annual Taxes: $839 (extremely low)

• HOA: None

⚠️ Heads Up

• Property sold for $53,500 in May 2025 - current ask represents 30% markup in 2 months

• No rent estimates available makes cash flow projections difficult

• Cash-only terms limit buyer pool

🏆 Best for:

• Experienced Cleveland investors familiar with North Collinwood dynamics

• Cash buyers comfortable with old duplex renovation scope

• Investors seeking immediate rental income with established unit separation

Why it works:

• Sub-$900 taxes = excellent carrying costs

• Detached garage = extra income potential

• Full basement = expansion opportunity