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4234 E 111th St, Cleveland, OH, 44105

5beds
1baths
1,380sqft
$130,000
$94price/sqft
$1,293/moest. monthly cost
$51,720/yrincome needed

About This Home

Great investment opportunity with over $20K per year in rents! This well-maintained single-family home is tenant-occupied with a reliable Section 8 tenant in place, providing immediate and consistent cash flow. Currently renting for $1,708 per month, this property is perfect for investors seeking a turnkey addition to their portfolio. This property easily beats the 1% Rule and 10-Cap benchmarks. Updated throughout and consistently maintained, this home offers a smooth, hands-off investment experience. With a dependable tenant already in place, you can enjoy steady income without the usual startup work. Can be sold as a package deal! (5200280), (5200292), (5200294)

Getting Around

24
WalkingCar-Dependent
40
TransitSome Transit
24
BikeSomewhat Bikeable

Schools

4/10
Miles SchoolGrades PK-80.5 mi
3/10
3/10
Miles Park SchoolGrades PK-80.8 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1918

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 1,380

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,380
  • Total interior livable area: 1,380 sqft

Property

Details

  • Parcel number: 13625023

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 3,850 sqft

Parking

  • Total spaces: 1
  • Parking features: Driveway,Garage,Off Street,On Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1