3264 E 48th Street, Cleveland, OH 44127

$72,500 Asking Price

3 beds
2 baths
1,498  sqft
Built in 1900

This occupied rental property generates $1100/mo! 3 beds, 1.5 baths, plus a driveway for plenty of off-street parking. Many updates: upgraded electric panel, vinyl siding, replacement windows, newer furnace, vinyl flooring in the baths and kitchen. Other features include: spacious front porch, convenient location near shopping, schools, freeway access, just minutes to Downtown Cleveland and the airport. Part of a portfolio package, 7 singles, $435k, and approx $6k/mo gross rents for a CAP rate of about 15% including management costs! MLS #s included in the portfolio: 5024272, 5024239, 5024244, 5024246, 5024250, 5024251, 5024252


Features & Amenities

Interior

Basement:
Full
A/C:
false, None
Heating:
true, Forced Air,Gas
Fireplace:
Fireplace, Fireplaces: 1

Exterior

Style:
Colonial
Parking:
No Garage,Paved

Construction

Roofing:
Asphalt,Fiberglass
General:
Vinyl Siding, 2

Location

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

Lot

Zoning:
131-19-050

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD
Buyers Agent Compensation:
3%
NA Compensation:
3%

This listing courtesy of:
Century 21 Homestar, Michael A Ferrante

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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