7800 Laumar Avenue, Cleveland, OH 44105
- $111,000
- 5
- BD
- 2
- BA
- 2,447
- SqFt
- Sold Price
- $111,000
- List Price
- $99,000
- Status
- CLOSED
- Days on Market
- 49
- Closing Date
- Feb 26, 2024
- MLS#
- 5009871
- Subtype
- Residential
- Style
- Colonial
- Year Built
- 1910
- Bedrooms
- 5
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,447
- Acres
- 0.16
- Subdivision
- Laumar Land Companys
- Neighborhood
- Laumar Land Companys
- MLS Area Major
- Cleveland
Property Description
Calling all investors & owner occupants, opportunity awaits at 7800 Laumar Ave, a stable investment property in the Slavic Village area with a previous long-term Section 8 tenancy. This 5-bedroom, 2-bathroom home is extremely well priced at $99,000, presenting an attractive proposition for both immediate rental income and future appreciation. Recent improvements include new furnace and HWT (replaced last year), new exterior doors and rebuilt front steps. The entire home has been repainted, and new flooring throughout the house. Previously rented to a Section 8 tenant, this property is primed for similar future arrangements. With rental potential of up to $1,800 per month in this neighborhood, the investment case is clear, providing a savvy buyer with the unique opportunity to capitalize on the remaining potential of this property. It is ready for the new owner to take over and reap the rewards.
Additional Information
- Taxes
- $1,181
- Property Description
- Colonial
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- No Garage
- School District
- Cleveland Municipal - 1809
- View
- City, Neighborhood
Listing Courtesy of: Denise A Quiggle, DeniseQsells@gmail.com With McDowell Homes Real Estate Services
Selling Office: Keller Williams Citywide.Mortgage Calculator
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