3003 Nursery Avenue, Cleveland, OH 44127
- $79,500
- 3
- BD
- 1
- BA
- 1,052
- SqFt
- List Price
- $79,500
- Status
- ACTIVE
- Days on Market
- 24
- MLS#
- 5237655
- Subtype
- Residential
- Style
- Bungalow
- Year Built
- 1900
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,052
- Acres
- 0.10
- MLS Area Major
- Cleveland
Property Description
TURNKEY 11%+ CAP RATE. Lease agreement recently renewed at $1,100/mo. Tenant pays ALL utilities! Incredible opportunity to acquire a fully stabilized, income-producing asset generating $1,100/month. Located at 3003 Nursery Ave, this beautifully updated 3-bedroom, 1-bathroom home offers 1,052 sq. ft. of living space on a generous 4,356 sq. ft. lot. This property offers true peace of mind for an investor, as all major CapEx items have been completely addressed. Recent capital improvements include a part of the roof is brand-new, an entirely new plumbing system, a brand-new heating system, a new hot water tank, a newly constructed garage, and fresh flooring throughout. The bathroom has been updated with new fixtures and toilets. Furthermore, the property features comprehensive exterior basement waterproofing—a massive value-add ensuring long-term structural integrity and low maintenance. With all the heavy lifting already completed and a solid tenant in place, this is a day-one performing asset perfect for both local and out-of-state portfolios.
Additional Information
- Interior Features
- Ceiling Fan(s)
- Taxes
- $599
- Property Description
- Bungalow
- Appliances
- Microwave, Range, Refrigerator
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- One and One Half, Two
- Roof
- Asphalt
- Parking Features
- Concrete, Gated, On Site
- Garage Spaces
- 1
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Anita Vargas, vargas.anita258@gmail.com With RE/MAX Above & Beyond
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