5637 Flowerdale Avenue, Cleveland, OH 44144

Property Description

Prime Cleveland Rental in Old Brooklyn This is an opportunity for investors seeking an immediate, cash-flowing rental property in Cleveland's desirable Old Brooklyn neighborhood. The property features 2 bedrooms, 1 bathroom, and a 2-car detached garage, making it highly attractive to tenants. The property is currently occupied by a reliable, long-term tenant on a month-to-month lease. This provides instant rental income from day one. Situated in an area with high rental demand, there is significant opportunity to increase the rent to market rates upon a new lease or turnover. The water heater is only ~1 year old, the windows have been replaced, and the water and sewer lines were updated ~5 years ago. Located in Old Brooklyn, the property offers excellent access to local retail and transportation, ensuring continued tenant interest. While the property is in solid condition, cosmetic updates could further increase its rental value and overall appreciation. All appliances are included in the sale. The furnace is approximately 10 years old, and the roof is also ~10 years old. An air conditioning coil is already installed, simplifying the addition of central AC if desired. This property presents a straightforward investment for anyone looking for a reliable, passive income stream with room for future growth.