Vacant!! Fixer Upper Single Family Rental 44105

Description

County: Cuyahoga
Property Type: Single-Family Residence
Bedrooms: 3 | Bathrooms: 1
Square Footage: 1019

Property Summary
Recently vacated by a tenant, this property has a very good rental projection with rents anywhere from 1100-1300 in the area. Perfect for a turnkey rental flip or a Buy & Hold. A new roof and gutters for the main house, exterior painting of the siding and porch, garage demolition, kitchen and bath upgrades, and some drywall repairs, painting, and flooring.

Despite the need for some renovation, it has much to offer.

The mechanical aspects of the house are in excellent working condition. The street view is appealing, with owner-occupied homes in the vicinity. The structure is sound, with no foundation issues, and the interior merely requires cosmetic renovation. Renting to CMHA would be your best exit strategy as they pay Well above market rent

Occupancy: VACANT
Market Rent (Low-High): $1100-$1300
Est Annual Taxes: $710
Est Annual Insurance: $800

This property needs:
New Roof & Gutters (Main house)
Exterior Painting of the siding and porch
Garage Demolition
Updated Kitchen and Bath
Drywall repairs, Painting and Flooring
Comparables:
4246 E 116th St, Cleveland, OH,44105/3 bed – 1 bath / Sold: 03-02-23 / $95,500
4125 E 110th St, Cleveland, OH,44105/3 bed – 1 bath / Contingent: 12-15-23 / $83,000
4254 E 116th St, Cleveland, OH,44105/3 bed – 1 bath / Sold: 07-23-23 / $71,000