$164,900

About this home

Exceptional turn-key investment opportunity offering immediate and stable cash flow. This well-maintained 3-bedroom, 1.5-bath Colonial is currently rented for $1,650 per month with a tenant already in place through May 2027, allowing investors to step into a performing asset without the hassle, expense, or vacancy risk associated with tenant placement. The property has been thoughtfully updated and maintained, featuring fresh interior paint, new carpeting, an updated garage, and a finished basement that enhances the overall functionality and appeal of the home. The spacious layout, combined with the finished lower level, provides attractive living space that helps support strong tenant retention and long-term rental demand. Outside, the fully fenced backyard offers privacy and additional outdoor space, a desirable feature for tenants and families alike. Located in Cleveland's established rental market, this property presents an excellent opportunity for both new and seasoned investors seeking dependable income and minimal deferred maintenance. With major cosmetic improvements already completed and a lease secured through 2027, investors can benefit from immediate revenue from day one while avoiding turnover costs in the near term. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or acquire a stable buy-and-hold asset, this property checks all the boxes: reliable cash flow, tenant stability, recent updates, and turn-key condition. Opportunities to acquire a fully occupied, income-producing property with long-term tenancy already in place are becoming increasingly difficult to find. Add this performing asset to your portfolio and start collecting income immediately.

Highlights

Property details

MLS

NOWDD

MLS #

5214539

Property type

SingleFamilyResidence

Subdivision

N/A

Status

Active

Days on market

N/A

On market date

June 1, 2026

Stories

2

Total bathrooms

1.5

Garage spaces

1

Parking spaces

N/A

Lot size

0.11 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.