3663 E 54th Street, Cleveland, OH 44105
- $110,000
- 3
- BD
- 1
- BA
- 1,238
- SqFt
- List Price
- $110,000
- Status
- ACTIVE
- Days on Market
- 110
- MLS#
- 5235668
- Subtype
- Residential
- Style
- Colonial
- Year Built
- 1910
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,238
- Acres
- 0.09
- MLS Area Major
- Cleveland
Property Description
ATTENTION INVESTORS & FIRST-TIME BUYERS — Newly refinished, move-in ready 3-bedroom, 1-bath home located in a strong rental corridor with projected returns well above the 1% rent rule. Previously rented through the Section 8 program at over $1,400/month prior to renovations, offering excellent cash flow (well over 1% rule) potential for investors seeking a turnkey addition to their portfolio. This property has been thoughtfully updated with fresh paint and new carpet throughout, granite countertops, and numerous major mechanical improvements including a newer furnace, newer electrical panel, and newer hot water heater, helping to reduce immediate maintenance concerns and capital expenditures. The home offers a functional layout, solid rental history potential, and an affordable entry point into homeownership or real estate investing. Ideal for: Buy-and-hold investors, Section 8 investors, cash-flow focused portfolios, first-time homebuyers looking to build equity instead of rent. Vacant and easy to show. Priced aggressively for a quick sale. Opportunities at this price point with this level of updates and income potential are becoming increasingly difficult to find in today’s market.
Additional Information
- Taxes
- $1,285
- Property Description
- Colonial
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Driveway, Detached, Garage, Paved
- Garage Spaces
- 1
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Amy M Allen, amyallenrealtor@gmail.com With ADT Realty Brokers
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