1477 E 195th Street, Euclid, OH 44117

$114,900 Asking Price

3 beds
1 bath
1,176  sqft
Built in 1954

Attention investors! Here’s your chance to grab a tenant-occupied property in the desirable suburb of Euclid! Currently rented at $850 per month with the tenant paying all utilities, this property offers significant potential for rent increases. With the tenant on a month-to-month lease, you can easily raise the rent to market rates of about $1,500 by making minor cosmetic updates, including fresh paint, kitchen and bathroom upgrades, and new carpet upstairs. This is the ideal BRRRR opportunity! Once completed, you’re looking at a turnkey property with a projected 10% cap rate. Featuring hardwood floors on the first floor, a partially finished basement, and a 2-car detached garage, this is a fantastic investment for both new and seasoned investors!

Features & Amenities

Interior

Laundry:
In Basement
Basement:
Full,Partially Finished
A/C:
false, None
Heating:
true, Gravity
Fireplace:
Fireplaces: 0

Exterior

Style:
Cape Cod
Parking:
Driveway,Detached,Garage,Paved

Construction

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

Location

Originating MLS:
NOWDD
School District:
Euclid CSD - 1813
County:
Cuyahoga

Lot

Zoning:
GORE EUCLIDAVE 0101 ALL, 646-23-055

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

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

About Euclid, OH

Housing

Number of Units
22,271
Median Home Value
$83,978
Median Rent
$714

56.50% of housing units are renter occupied.

10.44% are vacant.

Commute

Car
76.21%
Public Transportation
7.11%
Walk to Work
2.54%
Work from Home
13.42%
Other
0.36%

The median travel time to work is 24 minutes.

People

Population
42,457
Median Age
40.90
Median Household Size
2.23

Education

High School
31.11%
Associate’s Degree
9.06%
Bachelor’s Degree
14.97%
Graduate Degree
6.11%

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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