Property
Beds
3
Full Baths
1
1/2 Baths
1
Year Built
1927
Sq.Footage
1,248
Exceptional turn-key investment opportunity offering immediate and stable cash flow. This well-maintained 3-bedroom, 1.5-bath Colonial is currently rented for $1,650 per month with a tenant already in place through May 2027, allowing investors to step into a performing asset without the hassle, expense, or vacancy risk associated with tenant placement. The property has been thoughtfully updated and maintained, featuring fresh interior paint, new carpeting, an updated garage, and a finished basement that enhances the overall functionality and appeal of the home. The spacious layout, combined with the finished lower level, provides attractive living space that helps support strong tenant retention and long-term rental demand. Outside, the fully fenced backyard offers privacy and additional outdoor space, a desirable feature for tenants and families alike. Located in Cleveland's established rental market, this property presents an excellent opportunity for both new and seasoned investors seeking dependable income and minimal deferred maintenance. With major cosmetic improvements already completed and a lease secured through 2027, investors can benefit from immediate revenue from day one while avoiding turnover costs in the near term. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or acquire a stable buy-and-hold asset, this property checks all the boxes: reliable cash flow, tenant stability, recent updates, and turn-key condition. Opportunities to acquire a fully occupied, income-producing property with long-term tenancy already in place are becoming increasingly difficult to find. Add this performing asset to your portfolio and start collecting income immediately.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Ceiling Fan(s), Pantry, Recessed Lighting, Soaking Tub
-
Total Bedrooms
3
-
Bathrooms
1
-
1/2 Bathrooms
1
-
Above Grade Finished Area
1248.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Attic Fan
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Aluminum Siding
-
Other Exterior Features
Balcony, Private Yard
-
Parking
Driveway, Detached, Garage
-
Patio and Porch Features
Rear Porch, Front Porch, Terrace
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Back Yard, Front Yard
-
Lot Size(acres)
0.11
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Colonial
Price
-
Sales Price
$164,900
-
Tax Amount
$643
-
Sq. Footage
1, 248
-
Price/SqFt
$132
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Thomas N DiDonato , RE/MAX Above & Beyond
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AGENT
Shelby Humpal
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