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Sara Eddy

[email protected] +1(330) 310-5259

$ 114,900

Est. payment -/mo

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Price Dropped by $10K

3663 E 54th ST Cleveland, OH 44105

3 Beds

1 Bath

1,238 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,238 sqft

Price per Sqft $92

MLS Listing ID 5204096

Style Colonial

Bedrooms 3

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,238

Year Built 1910

Annual Tax Amount $1,285

Tax Year 2024

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Single Family Residence

Property Description

ATTENTION INVESTORS & FIRST-TIME BUYERS — Newly refinished, move-in ready 3-bedroom, 1-bath home located in a strong rental corridor with projected returns well above the 1% rent rule. Previously rented through the Section 8 program at over $1,200/month prior to renovations, offering excellent cash flow (well over 1% rule) potential for investors seeking a turnkey addition to their portfolio.

This property has been thoughtfully updated with fresh paint and new carpet throughout, granite countertops, and numerous major mechanical improvements including a newer furnace, newer electrical panel, and newer hot water heater, helping to reduce immediate maintenance concerns and capital expenditures.

The home offers a functional layout, solid rental history potential, and an affordable entry point into homeownership or real estate investing. Ideal for:

Buy-and-hold investors
Section 8 investors
Cash-flow focused portfolios
First-time homebuyers looking to build equity instead of rent
Vacant and easy to show. Priced aggressively for a quick sale. Opportunities at this price point with this level of updates and income potential are becoming increasingly difficult to find in today's market.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Main Level Bedrooms 1

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Laundry In Basement

Exterior

Parking Features Driveway, Detached, Garage, Paved

Garage Spaces 1.0

Garage Description 1.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

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 131-35-070

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Amy M Allen • ADT Realty Brokers • 260-341-0098, [email protected]