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 $1,200/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.
Listed By
Agency Name: ADT Realty Brokers
Agency Contact: 260-341-0098, amyallenrealtor@gmail.com
Shown By
Agency Title: Progressive Urban Real Estate
Agency Phone: (216) 619-9696
Estimated Payment
$ 396.31 per month $255.72 Principal & Interest $107.08 Property Tax $33.51 Homeowner's Insurance
3663 E 54th Street | MLS# 5204096
This single family home located at 3663 E 54th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $114,900. This property was built in 1910 and has 3 bedrooms and 1 full baths with 1238 sq. ft. E 54th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.progressiveurban.com today.