UPDATED:
11/08/2024 06:46 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Svec Allotment
MLS Listing ID 5067154
Style Colonial
Bedrooms 3
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1920
Annual Tax Amount $855
Tax Year 2021
Lot Size 5,919 Sqft
Acres 0.1359
Property Description
Here’s why this is a smart investment for you:
Guaranteed Monthly Cash Flow: With an estimated monthly rent of $1,800 backed by Section 8, you’re looking at a steady income stream. That’s $21,600 annually!
Affordable Investment: The total investment required for purchase and renovation is under 100K, which makes it ideal for first-time investors looking to get a foothold in real estate without overextending their resources.
High Demand Location: Cleveland’s rental market is one of the most competitive in the U.S., and properties in this neighborhood are in high demand. By investing now, you capitalize on the city’s growth while securing a solid return.
Proven Rental Potential: With guaranteed Section 8 tenants and a property that’s ready for your contractor to bring to its full potential, this is the perfect BRRR (Buy, Rehab, Rent, Refinance, Repeat) opportunity.
This property offers a fantastic blend of low upfront costs and high income potential—whether you're looking to grow your portfolio or start building one.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Garage Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 137-19-111
Special Listing Condition Auction
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