749 E 131st ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44108
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,014 sqft
Price per Sqft $93
Subdivision Elworthy-Helwick Companys Frs
MLS Listing ID 5147658
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1916
Annual Tax Amount $662
Tax Year 2024
Lot Size 2,700 Sqft
Property Sub-Type Single Family Residence
Property Description
Investors, here's your chance to own a fully updated, cashflowing Section 8 property with strong upside potential. This 3-bedroom, 1-bath home also features a bonus room on the first floor that can easily be converted into a fourth bedroom to further boost rental income. Currently, the property is generating $1,150 per month with CMHA paying 100% of the rent, and it's eligible for a rent increase to $1,400–$1,600 per month with the proper adjustment request. The home is lead certified and has undergone significant updates, including a new furnace (2018), hot water tank (2018), electrical (2018), plumbing (2018), updated bathroom (2018), updated kitchen (2018), new flooring (2018), and a roof (2020), windows (2018), ext./int. paint (2018). With all major systems recently updated, this property is truly turnkey—offering minimal maintenance, immediate cash flow, and the security of guaranteed rent in a high-demand rental area. Don't miss out! Reach out to listing agent for walkthrough videos.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Parking Features Concrete
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard