4137 E 59 th Street, Cleveland, OH 44105

$53,000
3
BD
1
BA
1,747
SqFt

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Sold Price
$53,000
List Price
$64,500
Status
CLOSED
Days on Market
55
Closing Date
Jun 16, 2025
MLS#
5116661
Subtype
Residential
Style
Bungalow, Cape Cod
Year Built
1910
Bedrooms
3
Bathrooms
1
Full Baths
1
Living Area
1,747
Acres
0.12
Subdivision
Talbot
Neighborhood
Talbot
MLS Area Major
Cleveland

Property Description

-Attention All Investors – Foreclosure Opportunity! Don’t miss this rare chance to scoop up a turnkey investment property that's vacant, easy to show, and ready for its next tenant with some cleaning! This solid 3-bedroom Cape Cod sits on a quiet, low-traffic street with a private backyard and has seen several updates over the past 6–7 years. With a little cleanup from the prior tenant that recently moved out, it’s rent-ready and offers strong income potential, with current market rents that are very affordable. Whether you're a seasoned investor or just getting started, this home is an excellent addition to your portfolio. The property features a full basement, a comfortable layout, and prior cosmetic and mechanical updates. It's in a transitioning area with rising values and rents, making it a smart long-term play. Investors have the option to self-manage or continue with professional property management already in place. Financing options available: Cash, hard money, or owner financing with 20% down (approx. 9% interest, 2-year balloon). Please note: No wholesalers. End-user buyers only. Photos show the home’s potential and updates—serious inquiries only. Proof of funds or pre-approval is required for all showings. Don’t wait—schedule your tour today and take advantage of this income-producing opportunity with immediate cash flow!

Additional Information

Taxes
$926
Property Description
Bungalow, Cape Cod
Heating
Forced Air, Gas, Hot Water, Steam
Air Conditioning
None
Stories
2
Levels
Two
Roof
Asphalt, Fiberglass
Parking Features
Driveway
School District
Cleveland Municipal - 1809

Listing Courtesy of: Christopher A Frederick, thefrederickteam@gmail.com With Coldwell Banker Schmidt Realty

Selling Office: Lokal Real Estate, LLC..

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