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Property Description

This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city’s most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Don’t miss out on this solid opportunity! Reach out to learn more!

Features
: Forced Air
: No
: Living Room
: Off Street, Driveway, Paved
: Porch, Covered
Address Map
OH
Cuyahoga
Cleveland
Iowa
12627
Avenue
44108
W82° 24' 13.8''
N41° 32' 48.5''
Property Details
Active
RE/MAX Haven Realty
Michael Azzam
2014004734
2486
111-16-154
: Shingle, Asphalt
: Public Sewer
2
Colonial
: Vinyl Siding, Aluminum Siding
: Public
1
$721
01/07/2025 16:26:30
No
Yes
No
No

12627 Iowa Avenue, Cleveland, Ohio

Residential For Sale

1 Bathrooms
1,160 Sqft
$68,500
Listing ID #5136141
Basic Details
Property Type : Residential
Property Sub Type : Single Family Residence
Levels : Two
Listing Type : For Sale
Listing ID : 5136141
Price : $68,500
Rooms : 6
Bathrooms : 1
Square Footage : 1,160 Sqft
Year Built : 1921
Lot Area : 0.08 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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