1331 E 88th Street
Cleveland, OH 44106

Listed at $118,000

Details

  • MLS# 5184647
  • Residential - Single Family
  • Status Contingent
  • 5 Bedrooms
  • 2 full 1 partial Bathrooms
  • 1,758 Square Feet
  • 0.103 acres
  • Built in 1970
  • Cleveland Municipal - 1809 Local Schools
Virtual Tour

Description

Need a good bang for you buck? Look no further than 1331 E 88th! Located in the upcoming Hough neighborhood, this spacious 5bd/2.5ba property with 1,750+ sq ft, is ideal for group home, shared housing, or long-term rental use. Currently tenant (month to month) occupied at $1,200/month with tenant paying all utilities. Property meets 1% rent rule and can easily exceed with market rents projected at $1,800$2,200 (CMHA $2599). Vinyl windows and mechanicals installed in 2022 and fresh paint and carpet in 2025. 8% cap rate makes this an easy win! Great opportunity for investors seeking cash flow with appreciation potential. Perfect home for large...read more families and pet owners as a large fenced in backyard completes the exterior. Close to bus lines and public transit. Less than 5 minutes from University Circle, Cleveland Clinic, UH, and CWRU and 12 mins to Downtown. Call for a private tour today before this turnkey opportunity is gone!

Features

  • None
  • Forced Air
  • 2.0 Stories
  • $1,826 / year Taxes
  • Public
  • Built in 1970
View All Features

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All Property Features

  • Property Type: Residential - Single Family
  • Basement: Yes
  • Basement: Unfinished
  • Cooling: None
  • Days on Site: 39
  • Exterior: Frame
  • Heating: Forced Air
  • Home Style: Colonial
  • Lot Size: 0.10 Acres
  • Parcel#: 107-14-086
  • Parking: Driveway
  • Roof Type: Asphalt, Shingle
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $1,826 / year
  • Water: Public
  • Year Built: 1970