701 E 155th Street, Cleveland, OH 44110

$102,000 Asking Price

3 beds
1 bath
1,400  sqft
Built in 1961

Investors, take note! This TURNKEY 3-bedroom, 1-bath property in Cleveland's Collinwood neighborhood offers the perfect blend of LOW MAINTENANCE and CASH FLOW potential. With the hard work done cosmetic refresh already completed, it’s MOVE-IN READY for tenants and meets the coveted ONE PERCENT (1%) RENT RULE with market rents up to $1,150/month. Thoughtfully updated with FRESH PAINT and NEW CARPET throughout, VINYL WINDOWS for energy efficiency, and a UPDATED KITCHEN AND BATHS for added tenant appeal. HWT 2021 and an UPDATED ELECTRICAL PANEL for peace of mind. The outdoor DECK and ATTACHED GARAGE add to the property’s convenience and all-season use! Whether you're a SEASONED investor or NEW to real estate, this home offers solid cash flow and long-term equity growth potential.

Features & Amenities

Interior

Basement:
Unfinished
A/C:
false, None
Heating:
true, Forced Air
Fireplace:
Wood Burning Stove, Fireplace, Fireplaces: 1

Exterior

General:
Shed(s)
Style:
Cape Cod
Other Structures:
Shed(s)
Parking:
Attached,Garage

Construction

Roofing:
Asphalt,Shingle
General:
Wood Siding, 2

Location

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

Lot

Zoning:
16 ROSE 0036 ALL, 116-09-023
Fencing:
Back Yard,Wood

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

This listing courtesy of:
Keller Williams Greater Metropolitan, Athena T Nimmer

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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