2193 E 35th Street
Cleveland, OH 44115

Listed at $119,900

Details

  • MLS# 5188639
  • Residential - Single Family
  • Status Active
  • 6 Bedrooms
  • 2 full Bathrooms
  • 1,979 Square Feet
  • 0.110 acres
  • Built in 1870
  • Cleveland Municipal - 1809 Local Schools

Description

Investor-ready, cash-flowing huge 6-bedroom / 2-full-bath property with a Section 8 tenant already in place, producing $1,214 per month in guaranteed, government-backed rental income ? with the tenant paying ALL utilities. Located in Cleveland's highly sought-after Central area, this property is within walking distance to Downtown Cleveland, making it especially attractive for long-term tenant demand and future appreciation. The home features vinyl replacement windows, a welcoming front porch, and a rear deck for added livability. The basement is protected by a sump pump to help ensure a clean, dry lower level, helping reduce maintenance...read more risk and protect your investment.This is a true turn-key, income-producing asset with the stability investors want ? a current Section 8 lease providing reliable, consistent monthly income backed by a government housing program, significantly reducing vacancy and payment-default risk.Value-add opportunity:There is potential to submit a rental increase request with CMHA, offering built-in upside without requiring renovations.With a rare 6-bedroom layout, strong location near downtown, and dependable government-supported income, this property is an excellent buy-and-hold opportunity for investors seeking steady cash flow with future rent growth potential.

Features

  • None
  • Forced Air
  • 3.0 Stories
  • $1,242 / year Taxes
  • Public
  • Built in 1870
View All Features

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All Property Features

  • Property Type: Residential - Single Family
  • Basement: Yes
  • Basement: Partial
  • Cooling: None
  • Days on Site: 16
  • Exterior: Vinyl Siding
  • Heating: Forced Air
  • Home Style: Colonial
  • Lot Size: 0.11 Acres
  • Parcel#: 103-21-109
  • Parking: Driveway
  • Patio/Porch: Deck
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $1,242 / year
  • Water: Public
  • Year Built: 1870