1124 E 114th Street, Cleveland, OH 44108
- $120,000
- 3
- BD
- 1
- BA
- 1,146
- SqFt
- Sold Price
- $120,000
- List Price
- $119,000
- Status
- CLOSED
- Days on Market
- 44
- Closing Date
- Jul 30, 2025
- MLS#
- 5131930
- Subtype
- Residential
- Style
- Traditional
- Year Built
- 1910
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,146
- Acres
- 0.08
- Subdivision
- Knight Richardson & Moores Al
- Neighborhood
- Knight Richardson & Moores Al
- MLS Area Major
- Cleveland
Property Description
Gold mine. Turnkey cash cow. Currently rented at $1,544/mo through CMHA Section 8. Government-backed cash flow from day one. Stable and happy tenant since Sept. 2024. Tenant is cooperative, very communicative, employed, and low-maintenance. Rent increase request eligible around July 2025, giving additional upside potential. Tenant has stated they wish to stay in the house. Strong lease is transferrable and very owner-protective. Turns month-to-month on 9/18/25, giving buyer complete flexibility should they wish to non-renew. Remodeled and updated: Select new double-pane vinyl windows, new appliances (convey), updated bathroom, new plumbing, partial electrical upgrades, new light fixtures, maintenance-free wood floors, newer LVP flooring, newer paint throughout, cleared fenced yard. Foundation perimeter scraped and resealed inside and out. Passed lead-based paint testing. Situated on a quiet stree with a mix of owner-occupants and well-managed investor properties. Low CapEx, government-backed guaranteed income, fully stabilized, immediate cashflow, upside built in, responsible tenant. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS.
Additional Information
- Taxes
- $1,732
- Property Description
- Traditional
- Appliances
- Range, Refrigerator
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Shingle
- Foundation
- Block
- Parking Features
- None
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Scott A Marvin, teamresultsohio@gmail.com With Team Results Realty
Selling Office: RE/MAX Crossroads Properties.Mortgage Calculator
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