4477 E 143rd Street
Cleveland, OH 44128

Listed at $119,900

Details

  • MLS# 5185536
  • Residential - Single Family
  • Status Active
  • 3 Bedrooms
  • 1 full Bathrooms
  • 936 Square Feet
  • 0.147 acres
  • Built in 1956
  • Cleveland Municipal - 1809 Local Schools

Description

Turnkey Investment Opportunity ~11% Cash-on-Cash Return This well-maintained 3-bedroom, 1-bath single-family ranch offers strong cash flow from day one with minimal owner involvement. The home was refreshed just over a year ago prior to tenant placement and has been consistently maintained since. The property is currently occupied by an EDEN-subsidized tenant generating $1,368 in monthly rent, providing reliable and predictable income. Monthly operating expenses total approximately $380, consisting of property management ($82), property taxes ($101), insurance ($60), vacancy reserve ($68), and maintenance reserve ($68). This results in...read more a monthly net operating income of approximately $988, supporting an estimated ~11% cash-on-cash return at the current asking price.The home features vinyl siding, newer windows, and a newer roof, helping keep capital expenditures low and long-term ownership simple. Centrally located in Cleveland with quick access to major highways, the property is approximately 20 minutes from downtown and close to shopping, dining, and everyday amenities?supporting long-term tenant demand and stability.A true turnkey investment with documented cash flow, subsidized income, and attractive returns.Some photos may be virtually staged.

Features

  • None
  • 1 Fireplace
  • Forced Air
  • 2.0 Stories
  • $1,241 / year Taxes
  • Public
  • Built in 1956
View All Features

Contact the Agent

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All Property Features

  • Property Type: Residential - Single Family
  • Basement: Unfinished
  • Basement: Yes
  • Cooling: None
  • Days on Site: 35
  • Exterior: Wood Siding
  • Fireplaces: 1
  • Heating: Forced Air
  • Home Style: Colonial
  • Lot Size: 0.15 Acres
  • Parcel#: 142-22-006
  • Parking: Driveway
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Stories: 2.0
  • Taxes: $1,241 / year
  • Water: Public
  • Year Built: 1956