4618 E 88th Street, Garfield Heights, OH 44125
- $135,000
- 4
- BD
- 1
- BA
- List Price
- $135,000
- Status
- PENDING
- Days on Market
- 44
- MLS#
- 5236900
- Subtype
- Residential
- Style
- Cape Cod
- Year Built
- 1953
- Bedrooms
- 4
- Bathrooms
- 1
- Full Baths
- 1
- Acres
- 0.11
- Subdivision
- Garfield Pkwy
- Neighborhood
- Garfield Pkwy
- MLS Area Major
- Garfield Heights
Property Description
Strong cash-flow opportunity in Garfield Heights! This 4-bedroom, 1-bath investment property offers a solid combination of existing rental income, desirable features, and upside potential. The home features aluminum siding, vinyl windows, central air, and a partially finished basement providing additional usable space. The property also includes a 2-car detached garage and is situated on a quiet residential street. Best of all, it is already occupied by a long-term CMHA tenant paying $1,600/month with the tenant responsible for all utilities, providing immediate rental income with minimal turnover risk. At a purchase price of $135,000, the property offers an attractive entry point for investors looking for strong cash flow. With top-end rents in the 44125 ZIP code reaching approximately $2,158/month, there is also potential rental upside for the future. Projected numbers show a cap rate exceeding 12% and nearly $700/month in cash flow, making this a compelling opportunity for both seasoned investors and those looking to add a strong-performing rental to their portfolio. Long-term tenant. Strong current rent. Utility responsibility to tenant. 2-car garage. Quiet street. Significant rental upside. This is the type of cash-flowing asset investors look for.
Additional Information
- Taxes
- $2,021
- Property Description
- Cape Cod
- Heating
- Forced Air
- Air Conditioning
- Central Air
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Foundation
- Block
- Parking Features
- Driveway, Detached, Garage
- Garage Spaces
- 2
- School District
- Garfield Heights CSD - 1815
Listing Courtesy of: Ryan Sackman, ryan.m.sackman@gmail.com With Keller Williams Greater Cleveland Northeast
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