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1848 Stanwood Road, East Cleveland, OH 44112 Photo

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1848 Stanwood Road East Cleveland, OH 44112
$124,900
Active / MLS# 5210226 / Residential - Single Family / East Cleveland
4 Beds
1 Bath
1894 SqFt

Presenting a cash-flowing investment opportunity?a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.

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Estimated Payment

$ 408.15 per month $277.56 Principal & Interest $94.17 Property Tax $36.43 Homeowner's Insurance

Property Details

Property Type: Residential - Single Family
Basement: Unfinished
Basement: Yes
Cooling: None
Fireplaces: 1
Garage: 2
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.13 Acres
Roof Type: Slate
Stories: 3.0
Taxes: $1,130 / year
Year Built: 1899

Feature Descriptions

Days on Site: 2
Exterior: Aluminum Siding
Fencing: Back Yard, Fenced
Parcel#: 673-09-033
Parking: Driveway, Garage, Off Street
Sewer: Public Sewer
Water: Public

Schools

School District: East Cleveland City

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: Red 1 Realty, LLC
Agency Contact: realtorwalling@gmail.com, 216-870-9204

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