Welcome to an updated & income-producing Colonial offering an excellent opportunity for investors seeking a turnkey addition to their rental portfolio! The home features 5 bedrooms & 2 bathroom, providing a spacious & versatile layout with strong rental potential. The main living area offers a comfortable living room, a renovated kitchen featuring newer cabinetry, butcher block countertops, recessed can lighting, & modern finishes, with adjoining dining space, & plenty of room throughout for everyday living. The basement provides additional storage space along with potential for future value-add opportunities. The property has undergone extensive updates, newer LVP flooring runs throughout the home, while the updated bathroom offers a refreshed & contemporary appearance. Additional improvements include newer vinyl windows, updated plumbing & electrical systems, newer roof, newer hot water tank, & newer furnace?helping reduce the likelihood of major near-term capital expenditures. Investors can begin generating income from day one, as the property is currently tenant occupied at $1,800/mo., on a month-to-month lease. The combination of strong rental income, 5 bedroom configuration, substantial improvements, & an existing tenant makes this an attractive opportunity for investors. Located in Cleveland with access to major roads & public transportation, the property is also near shopping, schools, parks, restaurants, & a wide variety of everyday amenities. Professional management in place & willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab & construction services available for remote investors! Whether you're looking for immediate cash flow or a well-updated rental with long-term income potential, this property offers the space, improvements, & rental performance investors look for! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
Listed By
Agency Name: RE/MAX Haven Realty
Agency Contact: mike@theazzamgroup.com, 216-446-7606
Shown By
Agency Title: Kremer Realty, Inc
Agency Phone: (330) 686-2400
Estimated Payment
$ 519.08 per month $333.83 Principal & Interest $141.50 Property Tax $43.75 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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994 Parkwood Drive | MLS# 5242304
This single family home located at 994 Parkwood Drive, Cleveland, OH 44108 is currently listed for sale with an asking price of $150,000. This property was built in 1920 and has 5 bedrooms and 2 full baths with 1400 sq. ft. Parkwood Drive is located in the Amor & Carpenters subdivision within the Cleveland Municipal - 1809 school district. Search Amor & Carpenters real estate on www.kremerrealty.com today.