OH > Cleveland > L M Southerns Forest Park Sub
Cleveland, OH 44108,12627 Iowa AVE
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Cleveland, OH 44108,12627 Iowa AVE
Cleveland, OH 44108,12627 Iowa AVE
Cleveland, OH 44108,12627 Iowa AVE
Cleveland, OH 44108,12627 Iowa AVE
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Jenna Gress

Jenna Gress

+1(740) 801-1293
$ 68,500
Est. payment /mo
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12627 Iowa AVE Cleveland, OH 44108

3 Beds

1 Bath

1,160 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,160 sqft

Price per Sqft $59

Subdivision L M Southerns Forest Park Sub

MLS Listing ID 5136141

Style Colonial

Bedrooms 3

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,160

Year Built 1921

Annual Tax Amount $721

Tax Year 2024

Lot Size 3,301 Sqft

Acres 0.0758

Property Sub-Type Single Family Residence

Property Description

This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city's most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Don't miss out on this solid opportunity! Reach out to learn more!

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Fireplaces Type Living Room

Fireplace Yes

Laundry In Basement

Exterior

Parking Features Driveway, Off Street, Paved

Water Access Desc Public

Roof Type Asphalt,Shingle

Porch Covered, Porch

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 111-16-154

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-232-2187
agent

Jenna Gress

Realtor

+1(740) 801-1293

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12627 Iowa AVE