1848 Stanwood Rd. East Cleveland OH 44112

Conveniently located in East Cleveland, the property is only 7 miles from downtown Cleveland, just minutes from Severance Town Shopping Center, MetroHealth Hospital, and multiple restaurants, parks, and green spaces.  According to public record the home offers 1,894 SF, featuring 4 bedrooms, 1.5 bathrooms, a covered front porch, nice flat backyard, on & off street parking with a 2 car detached garage. The property is currently occupied and generating $1,024 in monthly income. Showings are available via appointment only. DO NOT TRESPASS.

Property is occupied – DO NOT ENTER ONTO PROPERTY FOR ANY REASON.  Tour dates available for viewing, registration is required. Contact your Realtor to register for a tour.  If you’re not represented by a Realtor, contact [email protected] to register for a tour.

Auction ends September 4, 2024 at 2pm ET. A 10% buyer premium is added to the high bid to determine the final purchase price. A $10,000 earnest money deposit is due within 24 hours of auction end.

Property will be sold free and clear of all liens, with property taxes prorated and paid to the day of closing.  No representations, warranties, or guarantees.  Prior to placing a bid, bidders must electronically sign the Purchase and Sale Agreement by clicking HERE.

Key sale points:

• PRIOR TO PLACING A BID, bidders must electronically sign the Purchase and Sale agreement by clicking HERE.
• The opening bid is $40,000 with an unpublished reserve.
• Property is sold 100% AS-IS, WHERE-IS, with all faults.
• Seller reserves the right to accept or reject any bid, or cancel the auction, at any time, for any reason, without notice.
• Information contained in any advertisement is not guaranteed or warranted.
• Property will be sold free and clear of all liens.
• Property taxes will be pro-rated to the day of closing.
• There is no financing contingency for this sale.
• There is no inspection contingency for this sale.
• A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
• A $10,000 earnest money deposit must be immediately wired to the Seller’s title company and received within 24 hours of auction end.
• Closing must take place on or before 14 days from the effective date.