$190,000

About this home

For an investor, the best opportunity may be the one that is already working. This turnkey Garfield Heights investment property comes with a tenant in place, a current lease through June 30, 2027, and rent of $1,750 per month, providing $21,000 in scheduled annual gross rent at the current rate. Instead of purchasing a vacant property and immediately searching for a tenant, you can step into an occupied investment with rental income already established. Behind the numbers is a substantial home offering 1,753 square feet of finished living space, three bedrooms, two full baths, central air, a basement, and a detached two-car garage. The kitchen includes a refrigerator, range, and dishwasher, while the basement provides valuable storage and utility space. The garage adds covered off-street parking and even more storage, features that contribute to the home's long-term rental appeal. The location adds another advantage, with convenient access to I-480 and I-77 for connections throughout Greater Cleveland, plus shopping, dining, everyday necessities, and Garfield Park Reservation nearby. There is no need to imagine what this property could be as a rental. It already is one. Run your numbers, review the lease, and take a closer look at a turnkey investment where the income story has already begun. Recent updates include basement waterproofing, a new sump pump added, new basement carpet & hot water heater last year - over $25k in updates.

Highlights

Property details

MLS #

5234905

Property type

SingleFamilyResidence

Subdivision

N/A

Status

Active

Days on market

N/A

On market date

August 10, 2026

Stories

1

Total bathrooms

2

Garage spaces

2

Parking spaces

N/A

Lot size

0.13 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 (e.g. NC Dept. of Public Instruction, SC Report Card).