4 Beds
2 Baths
3,615 Sqft Lot
4 Beds
2 Baths
3,615 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5142021
Style Colonial
Bedrooms 4
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1905
Annual Tax Amount $1,011
Tax Year 2024
Lot Size 3,615 Sqft
Acres 0.083
Property Sub-Type Single Family Residence
Property Description
Tenant Occupied | $1,225/month | 4 Bed, 1 Bath
Calling all investors! This cash-flowing 4-bedroom, 1-bath Cleveland property is already producing $1,225/month in rental income, meeting the 1% rule right out of the gate with room to grow. This opportunity offers a solid cap rate and immediate returns from day one.
The current tenant is reliable, pays on time, and would love to stay, creating a seamless transition for a new owner. Lease converts to month-to-month in August, offering flexibility whether you want to renew, increase rent, or make changes down the line.
Located in a steadily growing rental market, this property makes a great addition to any portfolio.
Turnkey
4 Bedrooms, spacious layout
Strong cash flow potential
Cleveland market with investor demand
Whether you're a seasoned investor or just getting started, this is the kind of deal that doesn't stay on the market for long.
Location
State OH
County Cuyahoga
Rooms
Basement Other
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Paved
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Slate
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 108-11-105
Special Listing Condition Standard
"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."
1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States