404 E 123rd Street, Cleveland, OH 44108

$65,000 Asking Price

3 beds
1 bath
1,948  sqft
Built in 1912

This investor-friendly home features 3 bedrooms and 1 bathroom, making it a prime addition to your portfolio. Currently occupied by a long-term tenant generating $900 per month, this property offers immediate income with a long-term tenant at $900.00 monthly income. According to fair market rent and Section 8 options, the potential increase returns to $1,720 monthly. Perfect for first-time investors, this home is located in a high-demand rental area. An additional property at 400 E 123rd Street is also available, offering a great package deal. Don't miss this stable and profitable investment opportunity.


Features & Amenities

Interior

Basement:
Unfinished
A/C:
false, None
Heating:
true, Forced Air
Fireplace:
Fireplaces: 0

Exterior

Style:
Colonial
Parking:
Concrete,Detached,Garage

Construction

Roofing:
Asphalt
General:
Frame, Three Or More

Location

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

Lot

Zoning:
357 MODELVIL 0042 ALL, 111-15-063

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

This listing courtesy of:
Keller Williams Greater Metropolitan, Alexys Jones

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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