Steve Burgess
Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: nimmerknows@gmail.com, 216-312-5959
Shown By
Agent Name: Steve Burgess
Agent Phone: (330) 327-3393
Agency Title: Cutler Real Estate
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Property Description
Looking for your next deal? Well you've scrolled to the right one! Cash-flowing in the Glenville neighborhood- this 3bd/1ba rental will add immediate income to your portfolio. Long term tenants in place at $900/mos paying all utilities including water and sewer. Property meets 1% rent rule with room to increase offering built-in upside. Market rent $1200-1400 (CMHA $1683). Cap rate 10% and just meets 70% ARV. New furnace & ductwork (2025) plus 1-year home warranty for added protection. Professional property management in place, making this an ideal hands-off investment for new, seasoned, or out-of-state buyers. Located in a high demand rent area and less than 10 minutes from Cleveland's cultural and job hub- University Circle, where you'll find the Museum of Art, Natural History, CWRU, Cleveland Clinic Main Campus, and Univ. Hospital. Don't miss out on this easy win!
Property Features
Property Type: Residential - Single Family
Basement: Unfinished
Basement: Yes
Cooling: None
Fireplaces: 1
Garage: 1
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.08 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $1,420 / year
Year Built: 1914
Feature Descriptions
Exterior: Aluminum Siding, Vinyl Siding
Parcel#: 110-24-088
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 490.62 per month $351.29 Principal & Interest $118.33 Property Tax $21.00 Homeowner's InsuranceChange Payment Information
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12414 Forest Grove Avenue | MLS# 5184638
This single family home located at 12414 Forest Grove Avenue, Cleveland, OH 44108 is currently listed for sale with an asking price of $72,000. This property was built in 1914 and has 3 bedrooms and 1 full baths with 1172 sq. ft. Forest Grove Avenue is located in the Elworthy-Helwick Companys Bun subdivision within the Cleveland Municipal - 1809 school district. Search Elworthy-Helwick Companys Bun real estate on www.steveburgessre.com today.