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Shapiro Capital LLC (FREE)

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Wholesaling Real Estate

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Shapiro Capital

339 members • $47/m

32 contributions to Wholesaling Real Estate
Who do you know
Howdy everyone does anyone know any good trust lawyers, and people who work with things like that here in Cleveland, Ohio? I need to set up a meeting with one.
1
0
Investors or if you have an investors who is interested
Asset Type: Single Lot with Two Residential Dwellings Dwelling 1: 3 Bedrooms | 1 Bathroom | 1,328 Sq Ft Dwelling 2: 2 Bedrooms | 1 Bathroom | 924 Sq Ft Total Living Area: 2,252 Sq Ft Asking Price: $99,000 After Repair Value (ARV): $260,000 Occupancy: Vacant Title Company: Innovative Title Buyer Pays: All Closing Costs https://drive.google.com/drive/folders/1LA76zxdEiCkMvAnsfBNqccUIm7X9aXla?usp=sharing
This deal needs to go asap
1013 Galewood Dr, Cleveland, OH 44110 MFH Investment Opportunity 5 Bedrooms | 3 Bathrooms 1320 Sq Ft 3,500 Sq Ft Lot Annual Property Taxes: Approximately $1,000 Duplex configuration provides multiple income streams Strong value-add opportunity through renovation and rent optimization Located in Cleveland's North Collinwood area with continued investor activity and affordable acquisition basis Deal Overview Asking $30,000 ARV $130,000 - $150,000 Property Type Duplex Bedrooms/Bathrooms 5 Bed / 3 Bath Living Area 2,024 Sq Ft Annual Taxes ~$1,000 Photo Link: https://drive.google.com/drive/folders/1owMqtr2T1x3sP_b42FaVBX-r50iV--ti?usp=sharing
1 like • Jun 24
@Howard Bivens I want this deal moved whoever can connect me to a buyer I’m offering a $1000 finders fee
Deal
Wanted to put a new off-market opportunity in front of you that I think could be a strong fit — a 21-unit multifamily asset at 20000 Van Aken Boulevard in Shaker Heights, Ohio (Farnsleigh Crossing). Quick background on how we work these multifamily opportunities: we source and operate value-add multifamily in Northeast Ohio, and on deals like this, we partner with a capital partner who funds the acquisition while our team handles everything else — the purchase, the management transition, the business plan, and all ongoing operations. It is a hands-off way to own a piece of a value-add deal in a strong submarket with an experienced operator running the day-to-day. Here is why I like this one: The property sits one block from the Van Aken District, a $110M+ mixed-use redevelopment that anchors one of Cleveland's strongest rental submarkets. It is 21 units — 5 one-bedrooms and 16 two-bedrooms — currently around 90% occupied and producing about $163K in trailing 12-month NOI. The current owner is self-managing with no professional management in place, which is the primary operational opportunity from day one. The seller is between $85,000 and $90,000 per door (roughly $1.785M to $1.89M). For context, the broker wants to start marketing it at $102,231 a door if they were to take this to the market but for now we have this opportunity off-market, and the most comparable trade in the broker's own data set came in around $80K a door — so we are entering at a reasonable, well-supported basis with real room to create value. At these prices, the going-in cap rate on in-place income is between 8.6% and 9.1%, which is a strong yield before we do anything. The business plan is straightforward and conservative — reduce expenses first, then grow rents gradually: — Eliminate the ~$17,500 bulk cable expense in year one — Phase in a RUBS program to recover toward 50% of the ~$67,000 in owner-paid utilities over time
Reach out
If anyone has any fixing flip deals in Cleveland, Ohio, please let me know I need them ASAP. I have a buyer looking to fill a quota.
0 likes • Mar 25
Sure thanks
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Jason Wofford
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356 points to level up
@jason-wofford-6932
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Active 3d ago
Joined Jul 29, 2025
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