475 E 109th Street, Cleveland, OH 44108

$83,000 Asking Price

3 beds
1 bath
Built in 1912

Discover this excellent investment opportunity featuring a charming single-family home located in a quiet and established neighborhood. Currently occupied by a long-term tenant, this property offers stability and immediate rental income for savvy investors. Spacious Layout: Four bedrooms and one bathroom provide ample space for tenants. Vinyl Siding: Low-maintenance exterior ensures durability and aesthetic appeal. Vinyl Windows: Energy-efficient and easy to maintain, enhancing overall efficiency. Long-Term Tenant: Stable rental history with a reliable tenant already in place. Well-Maintained: The property has been cared for and maintained, ensuring minimal upkeep for the new owner. Functional Kitchen: Equipped with essential appliances, providing convenience for tenants. Private Yard: Offers outdoor space for relaxation or potential enhancement. Located in a desirable neighborhood known for its peaceful atmosphere and proximity to schools, parks, and essential amenities. This property appeals to tenants seeking a comfortable living environment within a community-oriented setting. Investment Opportunity: With a long-term tenant already established, this property presents an immediate income stream for investors. Whether you're looking to expand your portfolio or start investing in real estate, this opportunity offers stability and potential for future appreciation. Financial Benefits: The current lease agreement provides reliable monthly income, making this an attractive investment with minimal initial management efforts required. The vinyl siding and windows contribute to reduced maintenance costs, maximizing profitability for the new owner. Don't miss out on this chance to acquire a well-maintained investment property with a stable rental history. Explore the potential of adding this property to your portfolio and benefiting from ongoing rental income. Contact us today to schedule a viewing and secure this promising investment opportunity.


Features & Amenities

Interior

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

Exterior

Style:
Colonial
Parking:
Detached,Garage,Paved

Construction

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

Location

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

Lot

Zoning:
108-15-076

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

This listing courtesy of:
Berkshire Hathaway HomeServices Professional Realty, Ryan Sackman

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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