3 Beds
1 Bath
10,502 Sqft Lot
3 Beds
1 Bath
10,502 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Cranwood Dev Cos Cranwood Park
MLS Listing ID 5214674
Style A-Frame
Bedrooms 3
Full Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1954
Tax Year 2025
Lot Size 10,502 Sqft
Acres 0.2411
Property Sub-Type Single Family Residence
Property Description
Attention investors! Here's your opportunity to acquire a performing rental property with immediate income and strong upside potential. Currently occupied by a Section 8 tenant paying $1,600 per month ($19,200 annually), this property offers stable cash flow from day one.
With market rents supporting approximately $2,200 per month ($26,400 annually) upon future tenant turnover, investors have the opportunity to increase gross rental income by nearly $7,200 per year. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a reliable buy-and-hold asset, this property checks all the boxes.
Features include a functional layout, strong rental demand, and a location that continues to attract quality tenants. The property is already producing income, eliminating the vacancy risk and lease-up period often associated with new acquisitions.
? Current Rent: $1,600/month
? Projected Rent: Up to $2,200/month
? Section 8 Income Stability
? Tenant Occupied – Cash Flow from Day One
? Excellent Buy-and-Hold Opportunity
? Potential for Increased Returns Through Future Rent Adjustments
Opportunities to purchase performing rental properties with built-in rent growth potential are becoming increasingly difficult to find. Add this income-producing asset to your portfolio and start earning from day one.
Contact your agent today for financial details and a private showing.
Location
State OH
County Cuyahoga
Rooms
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Carport
Carport Spaces 1
Water Access Desc Public
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Garfield Heights Csd - 1815
Others
Tax ID 546-10-045
Special Listing Condition Standard
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