16311 Lotus Drive, Cleveland, OH 44128

$78,900 Asking Price

4 beds
2 baths
1,490  sqft
Built in 1929

Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home. The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete. Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don’t miss your chance to capitalize on this promising investment!

Features & Amenities

Interior

Basement:
Partially Finished
A/C:
false, None
Heating:
true, Forced Air
Fireplace:
Fireplace, Fireplaces: 1

Exterior

Style:
Cape Cod
Parking:
Detached,Garage

Construction

Roofing:
Asphalt,Shingle
General:
Aluminum Siding,Asphalt,Other,Plaster,Shingle Siding,Vinyl Siding,Wood Siding, 2

Location

Originating MLS:
NOWDD
School District:
Cleveland Municipal - 1809
County:
Cuyahoga

Lot

Zoning:
72 MHPK#5 0706 ALL, 141-08-139

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

This listing courtesy of:
Keller Williams Living, Journey Toole

About Cleveland, OH

Housing

Number of Units
365,687
Median Home Value
$126,282
Median Rent
$704

49.39% of housing units are renter occupied.

12.38% are vacant.

Commute

Car
68.75%
Public Transportation
4.98%
Walk to Work
2.83%
Work from Home
22.21%
Other
0.84%

The median travel time to work is 21 minutes.

People

Population
727,091
Median Age
39.60
Median Household Size
2.36

Education

High School
29.70%
Associate’s Degree
8.33%
Bachelor’s Degree
16.22%
Graduate Degree
11.86%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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