16311 Lotus Drive, Cleveland, OH 44128
- $78,000
- 4
- BD
- 2
- BA
- 1,490
- SqFt
- Sold Price
- $78,000
- List Price
- $78,900
- Status
- CLOSED
- Days on Market
- 82
- Closing Date
- Mar 12, 2025
- MLS#
- 5090823
- Subtype
- Residential
- Style
- Cape Cod
- Year Built
- 1929
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 1
- Half Baths
- 1
- Living Area
- 1,490
- Acres
- 0.10
- Subdivision
- Miles-Harvard Park 05
- Neighborhood
- Miles-Harvard Park 05
- MLS Area Major
- Cleveland
Property Description
Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home. The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete. Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don’t miss your chance to capitalize on this promising investment!
Additional Information
- Taxes
- $1,457
- Property Description
- Cape Cod
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Shingle
- Parking Features
- Detached, Garage
- Garage Spaces
- 1
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Journey Toole, JourneyToole@kw.com With Keller Williams Living
Selling Office: Keller Williams Greater Cleveland Northeast.Mortgage Calculator
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