Vision Sales Team

Colonial

12627 Iowa Avenue

Cleveland , OH 44108

MLS#: 5136141

$68,500

Status: Active
Listing number: 5136141
Listing provided by: RE/MAX Haven Realty
Listing agent phone: None
Last update: 25 days ago
Browse Properties
L M Southerns Forest Park Sub - Residential

Property

Beds

3

Full Baths

1

1/2 Baths

None

Year Built

1921

Sq.Footage

1,160

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 & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    1

  • Above Grade Finished Area

    1160.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    N/A

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Forced Air

Exterior

  • Garage

    No

  • Construction Materials

    Aluminum Siding, Vinyl Siding

  • Parking

    Driveway, Off Street, Paved

  • Patio and Porch Features

    Covered, Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.0758

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Colonial

Price

  • Sales Price

    $68,500

  • Tax Amount

    721.0

  • Sq. Footage

    1, 160

  • Price/SqFt

    $59

HOA

  • Association

    NO

School District

  • Elementary School

    Cleveland Municipal - 1809

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

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Location

County

Cuyahoga

Elementary School

Cleveland Municipal - 1809

Middle School

High School

Listing Courtesy of Michael Azzam , RE/MAX Haven Realty

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(330) 786-5493

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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!

12627 Iowa Avenue

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