Cleveland Turnkey SFR, completely renovated, 12% Cap Rate $49,900

3 Replies

Price $49,900
Location 3205 E. 126TH STREET, Cleveland, OH, 44120
Property Details

Single Family Residence

  • Current Rent: $895
  • Square Footage:
  • Bedrooms: 3
  • Bathrooms: 2.0
  • Occupied: No
  • Lot Size:

Fresh, Beautiful, Clean, Safe, Energy Efficient, SFR in Cleveland All Ready To Go!

Welcome investors to fresh, one-floor living in the Buckeye/Mt. Pleasant neighborhood of Cleveland! A gut-rehab resulting in NEW everything! New kitchen with granite countertops and new cabinets, 2 new full bathrooms, 3 bedrooms, new windows, and large, clean lower level - great for children's rec-room or family entertainment area or even a 4th bedroom area. Hardwood and new carpet floors throughout. All new mechanicals, including brand new furnace, plumbing, roof and hot water tank. Certified LEAD SAFE. Nice sized one-car garage and sunny backyard with quiet shaded gazebo perfect for meals outside. Will be rented with new, screened and approved, voucher tenant. Property management also available. Assumed return on investment is 13%.

Ivy Hill Properties prides itself on identifying homes in neighborhoods where there is strong interest in revitalizing economic development and community engagement. This area of Cleveland is minutes from the renowned Shaker Heights neighborhood and home to Edwin’s Leadership and Restaurant, which was the basis for the Oscar Nominated documentary, “Knife Skills.” This neighborhood is seeing an effort from community partners, like the St. Luke’s Foundation responsible for spearheading community events, the Buckeye Summer Soul Series (Sept. 2018) and Jane’s Walks (Sept. 2018) -- free, citizen-led walks inspired by legendary NYC urbanist Jane Jacobs. Topping it all off, in the Spring of 2018, a public art initiative debuted in Cleveland's Buckeye-Shaker and Mt. Pleasant neighborhoods: LAND Studio started Inner City Hues, a program that selects local artists to brighten neighborhood buildings with creative, reflective, and vibrant murals.

Pictures of 3205 E. 126th, Cleveland 

Hi Hallie, Please send info on this property to [email protected] Also, If you have a website of your inventory or a mailing list, please send it my way as well.

Thank you!

You have some great looking properties. Is this one still available? 

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