12627 Iowa Avenue, Cleveland, OH 44108

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 … read more …