12414 Forest Grove Avenue
Cleveland, OH 44108

Listed at $72,000

Details

  • MLS# 5184638
  • Residential - Single Family
  • Status Active
  • 3 Bedrooms
  • 1 full Bathrooms
  • 1,172 Square Feet
  • 0.076 acres
  • Built in 1914
  • Cleveland Municipal - 1809 Local Schools
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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...read more area and less than 10 minutes from Clevelands cultural and job hub- University Circle, where youll find the Museum of Art, Natural History, CWRU, Cleveland Clinic Main Campus, and Univ. Hospital. Dont miss out on this easy win!

Features

  • None
  • 1 Fireplace
  • Forced Air
  • 2.0 Stories
  • $1,420 / year Taxes
  • Public
  • Built in 1914
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All Property Features

  • Property Type: Residential - Single Family
  • Basement: Unfinished
  • Basement: Yes
  • Cooling: None
  • Days on Site: 40
  • Exterior: Aluminum Siding, Vinyl Siding
  • Fireplaces: 1
  • Garage: 1
  • Heating: Forced Air
  • Home Style: Colonial
  • Lot Size: 0.08 Acres
  • Parcel#: 110-24-088
  • Parking: Detached, Garage
  • Roof Type: Asphalt, Shingle
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $1,420 / year
  • Water: Public
  • Year Built: 1914