10905 Penfield Avenue, Garfield Heights, OH 44125

$104,900 Asking Price

3 beds
2 baths
1,248  sqft
Built in 1953

This single-family rental is a well-maintained property featuring three bedrooms and one-and-a-half bathrooms, complete with central air conditioning throughout. It's currently leased to tenants who pay $1,049 per month (plus paying all of their own utilities), with the lease extending until September 2024. The house boasts beautiful hardwood floors and includes a large two-car detached garage. This investment opportunity offers a straightforward, hands-off approach, and although it's currently rented below market value, there's potential for increased rental income to $1,400 after the current lease ends with only minor cosmetic improvements.


Features & Amenities

Interior

Laundry:
In Basement
Basement:
Full
A/C:
true, Central Air
Heating:
true, Forced Air,Gas
Fireplace:
Fireplaces: 0

Exterior

Style:
Colonial
Parking:
Detached,Garage

Construction

Roofing:
Asphalt,Fiberglass,Shingle
General:
Aluminum Siding,Vinyl Siding, Three Or More

Location

Originating MLS:
NOWDD
School District:
Garfield Heights CSD - 1815
County:
Cuyahoga

Lot

Zoning:
1 GRANGEREST 0081 ALL, 542-21-052

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

This listing courtesy of:
Russell Real Estate Services, Tal Tamir

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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