Property Description

Expand your rental portfolio with this tenant-occupied, income-producing property in Cleveland! Featuring 5 bedrooms and 1.5 bathrooms, this home offers established rental income and opportunities to add value through targeted repairs. A spacious living room, functional kitchen, and adjoining dining room provide a useful layout, while the basement offers additional storage and future improvement potential. Currently rented for $1,424 per month on a 24-month lease, lease is through 07/31/2028 and with professional management through CPMG already in place. Updates include a newer roof, vinyl siding, vinyl windows, a newer furnace, a newer hot water tank, and an updated electrical panel. LVP flooring and carpeting complement the interior, providing a foundation for the next owner to build upon while addressing remaining maintenance needs. Situated on a double lot, the property offers additional outdoor space and opportunities to enhance the grounds. Future development or alternative use is subject to applicable requirements and buyer verification. Sold as-is, the property has an active work order for an interior plumbing drain stack repair, estimated at $7,000 per the POS report. An additional $1,000 is recommended for landscaping, vine removal, rear trash removal, and mowing the adjacent vacant lot. The home is conveniently located near Cleveland Clinic, University Hospitals, Case Western Reserve University, Wade Oval, shopping, restaurants, and major roadways. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With established tenancy, professional management, and numerous updates, this property offers an opportunity for investors prepared to complete the identified repairs and exterior cleanup while building on existing rental income. Schedule your showing today! No wholesalers. No Seller financing. No low ball offers.

Property Features

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