2 Beds
1 Bath
696 SqFt
2 Beds
1 Bath
696 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 696 sqft
Price per Sqft $150
Subdivision Pearl Ridge
MLS Listing ID 5155161
Style Ranch
Bedrooms 2
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 696
Year Built 1953
Annual Tax Amount $2,169
Tax Year 2024
Lot Size 3,606 Sqft
Acres 0.0828
Property Sub-Type Single Family Residence
Property Description
This is an opportunity for investors seeking an immediate, cash-flowing rental property in Cleveland's desirable Old Brooklyn neighborhood. The property features 2 bedrooms, 1 bathroom, and a 2-car detached garage, making it highly attractive to tenants.
The property is currently occupied by a reliable, long-term tenant on a month-to-month lease. This provides instant rental income from day one. Situated in an area with high rental demand, there is significant opportunity to increase the rent to market rates upon a new lease or turnover. The water heater is only ~1 year old, the windows have been replaced, and the water and sewer lines were updated ~5 years ago. Located in Old Brooklyn, the property offers excellent access to local retail and transportation, ensuring continued tenant interest. While the property is in solid condition, cosmetic updates could further increase its rental value and overall appreciation. All appliances are included in the sale. The furnace is approximately 10 years old, and the roof is also ~10 years old. An air conditioning coil is already installed, simplifying the addition of central AC if desired.
This property presents a straightforward investment for anyone looking for a reliable, passive income stream with room for future growth.
Location
State OH
County Cuyahoga
Rooms
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 012-21-093
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Realtor | Lic# 2020004698