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USAOHClevelandL M Southerns Forest Park Sub12627 Iowa Ave
Traditional style home with covered porch and a front yard | Image 1
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$68,500

12627 Iowa Ave, Cleveland, OH

House

For Sale

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310
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1160 sqft
Garage No
Taxes $721
Days Active 0
Lot Size 
Approx. Age 1921
Avg. Price Per Sqft $59
MLS® Number 5136141

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city’s most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Don't miss out on this solid opportunity! Reach out to learn more!Show Description
MLS® Number5136141
Laundry LevelIn Basement
Central VacNo
FireplaceNo
Acreage0.0758
Exterior
GarageNo
Approx. Age1921
BasementFull
DrivewayDriveway, Off Street, Paved
Garage Spaces
HeatForced Air
A/CNone
Heating Fuel

Extras

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