Fix&Flip (Vacant): 2386 E 38th St, Cleveland, OH 44115 + $42,000
- Promise Land Realty
- 2 days ago
- 3 min read
Single Family Investment Opportunity
PRICE
$42,000
OFF-MARKET CLEVELAND OPPORTUNITY | VALUE-ADD SFR
2386 E 38th St, Cleveland, OH 44115
Property Overview
Property Type: Single Family Residence
Beds / Baths: 3 Bed / 1 Bath
Living Area: 1,086 Sq Ft
Lot Size: 5,400 Sq Ft
Year Built: 1885
Access: Side Door Access
Investment Highlights
Asking Price: $42,000
ARV: $115,000 – $125,000
Strong Spread: Ideal for fix & flip or buy-and-hold strategies
Classic Cleveland Housing Stock: Solid layout, functional square footage, and strong resale demand in the area
This is a true off-market value-add opportunity priced well below ARV, making it attractive for local Cleveland investors, wholesalers, and rehabbers looking for margin and velocity.
Strategy Notes
Light to moderate rehab potential depending on scope
Side access makes renovation logistics easier
Comparable renovated homes in the area support the ARV range
Excellent candidate for a rental portfolio addition or entry-level flip
Property Photos
Photos available here:
Dropbox Folder: https://www.dropbox.com/scl/fo/lm3jw1ccyd56wbc1ribhk/ABjPQrEz-7D8nvf4O4mKfwE?rlkey=f2w6axd6p7d638pmp1r0z97rv&e=1&st=67t9wr46&dl=0
Offer Instructions
Please submit all offers directly to:📧 investments@promiselandrealtyllc.com
Serious buyers only. First solid offer wins.Perfect for investors looking to deploy capital quickly in Cleveland’s affordable housing market.
SUBMIT OFFERS
Please submit all offers directly to: investments@promiselandrealtyllc.com
Inquiries / NDA Requests: investments@promiselandrealtyllc.com
Property Map
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 1,000,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
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