Description
Strong turnkey investment opportunity at 14748 Coit Road in Cleveland. This single-family home is currently occupied by a long term CMHA tenant paying $1,550 per month, providing immediate and consistent cash flow from day one. An approved CMHA rent increase will raise the monthly rent to $1,700 at the end of August, further strengthening the property's income potential. The property has been completely renovated and includes a new furnace, water heater, electrical system, and additional improvements throughout. With the major mechanical systems already updated, investors can benefit from reduced deferred maintenance concerns and a more streamlined ownership experience. Located in an established Cleveland rental area with convenient access to shopping, schools, public transportation, and major roadways. This property is ideal for investors looking to add a renovated, income-producing asset with a tenant already in place and built-in rental growth. Professional property management resources are available for remote investors, including leasing coordination, tenant communication, maintenance, and repair support. For buyers looking to expand their Cleveland rental portfolio or acquire a stabilized property with immediate cash flow, this home offers an attractive combination of condition, occupancy, and long-term income potential.
Details
| MLS # | 5232763 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1921 |
| Days On Site | 73 |
| Listing Provided By | Home Equity Realty Group | Kim Lewis |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 1 Total |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.10 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway |
Taxes
| Tax Annual Amount | 691 |
|---|
Area Information
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44110 |
| Community Name | Glenhavhts |
| Listing VS Median (in Glenhavhts) | |
Price: $134,900 low | high Med: $0 On site: 73 low | high Med: | |
Market Activity 44110
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Learn More About This Property
| State | OH |
|---|---|
| County | Cuyahoga |
| City | Cleveland |
| Zip Code | 44110 |
| Community Name | Glenhavhts |
| Listing VS Median (in Glenhavhts) | |
Price: $134,900 low | high Med: $0 On site: 73 low | high Med: | |