$105,000
About this home
Expand your rental portfolio with this tenant-occupied, income-producing property in Cleveland! Featuring 5 bedrooms and 1.5 bathrooms, this home offers established rental income and opportunities to add value through targeted repairs. A spacious living room, functional kitchen, and adjoining dining room provide a useful layout, while the basement offers additional storage and future improvement potential. Currently rented for $1,424 per month on a 24-month lease, lease is through 07/31/2028 and with professional management through CPMG already in place. Updates include a newer roof, vinyl siding, vinyl windows, a newer furnace, a newer hot water tank, and an updated electrical panel. LVP flooring and carpeting complement the interior, providing a foundation for the next owner to build upon while addressing remaining maintenance needs. Situated on a double lot, the property offers additional outdoor space and opportunities to enhance the grounds. Future development or alternative use is subject to applicable requirements and buyer verification. Sold as-is, the property has an active work order for an interior plumbing drain stack repair, estimated at $7,000 per the POS report. An additional $1,000 is recommended for landscaping, vine removal, rear trash removal, and mowing the adjacent vacant lot. The home is conveniently located near Cleveland Clinic, University Hospitals, Case Western Reserve University, Wade Oval, shopping, restaurants, and major roadways. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! With established tenancy, professional management, and numerous updates, this property offers an opportunity for investors prepared to complete the identified repairs and exterior cleanup while building on existing rental income. Schedule your showing today! No wholesalers. No Seller financing. No low ball offers.
Property details
- MLS
- NOWDD
- MLS #
- 5254381
- Property type
- SingleFamilyResidence
- Subdivision
- Wj Crawford & James Parmelee
- Status
- Active
- Days on market
- N/A
- On market date
- October 19, 2026
- Stories
- 3
- Total bathrooms
- 1.5
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.0833 acres
Location
Get directions →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.
- Enrollment
- 420
- Student:teacher ratio
- 17.5:1
- District
- Citizens Leadership Academy
- Enrollment
- 581
- Student:teacher ratio
- 11.9:1
- District
- Cleveland Heights-University Heights City
- Enrollment
- 307
- Student:teacher ratio
- 21.9:1
- District
- Cleveland Municipal
Walkability
Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 2 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.