Property Description

Looking for a stabilized, turnkey rental that's already producing income? This updated 3-bedroom, 1.5-bath property in the Cleveland Heights area is fully occupied with a Section 8 tenant in place, giving the next owner immediate rental income from day one. Even better, the property is already POS compliant and lead certified, taking two major compliance items off the table and making this a straightforward addition to an investor's portfolio. A long list of improvements has already been completed, vinyl windows, updated flooring, fresh paint, renovated kitchen and bathrooms, a newly refurbished central air system, and select mechanical upgrades. With many of the major capital items addressed, investors can avoid taking on a large renovation project after closing. The desirable 3-bedroom, 1.5-bath layout also provides plenty of space for long-term tenants and helps support continued rental demand. Location adds another layer of upside. The property sits near Cleveland Heights, University Circle, Cleveland Clinic, University Hospitals, and other major east-side employment centers, with easy access to restaurants, shopping, public transportation, and everyday amenities. Continued investment and redevelopment throughout the surrounding east-side neighborhoods provide additional long-term appreciation potential. With voucher-backed income, an existing tenant, completed renovations, POS compliance, lead certification, and major improvements already handled, this is the kind of stabilized buy-and-hold opportunity investors are looking for.

Property Features

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