1169 Melbourne Road, East Cleveland, OH 44112

$130,000
4
BD
1
BA
2,072
SqFt
List Price
$130,000
Status
ACTIVE
Days on Market
18
MLS#
5227133
Subtype
Residential
Style
Colonial
Year Built
1915
Bedrooms
4
Bathrooms
1
Full Baths
1
Living Area
2,072
Acres
0.09
Subdivision
Carlyon
Neighborhood
Carlyon
MLS Area Major
East Cleveland

Property Description

Investor Opportunity – Turnkey Rental with Long-Term Tenant in Place! Don't miss this income-producing investment property featuring a long-term Section 8 tenant who would like to remain, providing immediate rental income from day one. The property currently generates $12,504 in annual rental income, making it an attractive addition to any investment portfolio. This spacious Front Porch Colonial offers 4 bedrooms and 1 full bath with a classic layout that includes a welcoming living room with a fireplace, a formal dining room featuring built-in cabinetry, and an eat-in kitchen. Brand-new carpeting has been installed throughout, giving the interior a fresh, updated feel. Major mechanical and infrastructure updates include a furnace (2016), hot water tank (2020), newer electrical, and a waterproofed basement, helping reduce future maintenance concerns. Whether you're looking to expand your rental portfolio or purchase a stable, income-producing property, this home offers immediate cash flow with a reliable long-term tenant already in place.

Additional Information

Taxes
$1,288
Property Description
Colonial
Heating
Forced Air
Air Conditioning
Ceiling Fan(s)
Levels
Three Or More
Roof
Asphalt, Shingle
Parking Features
Driveway
Garage Spaces
1
School District
East Cleveland CSD - 1812

Listing Courtesy of: Janet Hayward, janet.hayward@kw.com With Keller Williams Greater Metropolitan

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