Ohio 8 Unit / Under Contract / $280k / Need a partner :)

Property currently brings in $8,700 per month lol

I'm looking for a partner to take it over. Open to assign the contract to someone or just do a normal JV, whatever works best.

Quick numbers:

• 8 units, 7444 Lake Ave, Elyria OH

• Under contract: $280k (down from $350k after negotiations. I think they would go lower tbh, very motivated)

• Day 1 as is, no changes: 15%+ CoC / 31% IRR

Main issue: It's on a septic system, currently maintained by monthly pumping. Has been working the past 80 years but could fail any time. Replacement is $40k–$90k, and no public sewer is coming on that street. BUT even assuming an $80k replacement, it still holds 9% CoC! I negotiated the discount to cover it.

Due dilligence is mostly done, sewer / permit research, contractor quotes, the works, and I'll hand over the whole file.

Looking for $15k–25k to genuinely just give someone the deal, or a small equity piece if you'd rather just partner up, super flexible.

DM me and I'll send the full package, or we can get on a call

I'm not an agent or anything, I just got this deal under contract in my market and it's not *exactly* the deal to move me forward personally, but I hate to let it go to waste. Maybe one of the other mentees on here is interested in taking it down!

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Ohio 8 Unit / Under Contract / $280k / Need a partner :)