1169 Melbourne Road, East Cleveland, OH 44112
- $130,000
- 4
- BD
- 1
- BA
- 2,072
- SqFt
- List Price
- $130,000
- Status
- ACTIVE
- Style
- Colonial
- MLS#
- 5227133
- Year Built
- 1915
- Bedrooms
- 4
- Bathrooms
- 1
- Living Area
- 2,072
- Region
- East Cleveland
- Township
- East Cleveland
- Subdivision / Building
- Carlyon
Property Description
Investor Opportunity – Turnkey Rental with Long-Term Tenant in Place! Don't miss this income-producing investment property featuring a long-term Section 8 tenant who would like to remain, providing immediate rental income from day one. The property currently generates $12,504 in annual rental income, making it an attractive addition to any investment portfolio. This spacious Front Porch Colonial offers 4 bedrooms and 1 full bath with a classic layout that includes a welcoming living room with a fireplace, a formal dining room featuring built-in cabinetry, and an eat-in kitchen. Brand-new carpeting has been installed throughout, giving the interior a fresh, updated feel. Major mechanical and infrastructure updates include a furnace (2016), hot water tank (2020), newer electrical, and a waterproofed basement, helping reduce future maintenance concerns. Whether you're looking to expand your rental portfolio or purchase a stable, income-producing property, this home offers immediate cash flow with a reliable long-term tenant already in place.
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Additional Information
- Taxes
- $1,288
- Acres
- 0.09
- Sewer
- Public Sewer
- Roof
- Asphalt, Shingle
- Water
- Public
- Garage Spaces
- 1
- Heating
- Forced Air
- Cooling
- Ceiling Fan(s)
- School District
- East Cleveland CSD - 1812
Mortgage Calculator
Listing Courtesy of: Janet Hayward, janet.hayward@kw.com With Keller Williams Greater Metropolitan
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