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1656 Bryn Mawr Road, East Cleveland, OH 44112

$125,000
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New to the Market Status - Active
4BEDS 2 fullBATHS 2,074SQUARE FEET 5240388MLS# KelleySUBDIVISION East Cleveland CitySCHOOL

Home Value Estimate


Description

The property currently benefits from long-term tenants paying $700 per unit, providing an established rental history and immediate cash flow. There is also significant rental upside. Based on current fair market rent data and CMHA rental estimates, the units have the potential to generate approximately $1,300 per unit, nearly doubling the current rental income. For an investor, this creates an attractive opportunity to acquire a property with existing tenants while having substantial room to increase rents and improve overall income potential over time.

Features

  • None
  • Forced Air
  • 3.0 Stories
  • $1,035 / year Taxes
  • Public
  • Built in 1925