994 Parkwood Drive, Cleveland, OH 44108
Local realty services provided by:ERA Real Solutions Realty
Listed by: michael azzam
Office: re/max haven realty
MLS#:5242304
Source:OH_NORMLS
Price summary
- Price:$150,000
- Price per sq. ft.:$107.14
About this home
Welcome to an updated & income-producing Colonial offering an excellent opportunity for investors seeking a turnkey addition to their rental portfolio!
The home features 5 bedrooms & 1 bathroom, providing a spacious & versatile layout with strong rental potential. The main living area offers a comfortable living room, a renovated kitchen featuring newer cabinetry, butcher block countertops, recessed can lighting, & modern finishes, with adjoining dining space, & plenty of room throughout for everyday living. The basement provides additional storage space along with potential for future value-add opportunities.
The property has undergone extensive updates, newer LVP flooring runs throughout the home, while the updated bathroom offers a refreshed & contemporary appearance. Additional improvements include newer vinyl windows, updated plumbing & electrical systems, newer roof, newer hot water tank, & newer furnace—helping reduce the likelihood of major near-term capital expenditures.
Investors can begin generating income from day one, as the property is currently tenant occupied at $1,800/mo., on a month-to-month lease. The combination of strong rental income, 5 bedroom configuration, substantial improvements, & an existing tenant makes this an attractive opportunity for investors.
Located in Cleveland with access to major roads & public transportation, the property is also near shopping, schools, parks, restaurants, & a wide variety of everyday amenities.
Professional management in place & willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab & construction services available for remote investors!
Whether you’re looking for immediate cash flow or a well-updated rental with long-term income potential, this property offers the space, improvements, & rental performance investors look for! Schedule your showing! No wholesalers. No Seller financing. No low ball offers....
Contact an agent
Home facts
- Year built:1920
- Subdivision & Development:Amor & Carpenters
- Listing ID #:5242304
- Added:54 day(s) ago
- Updated:October 28, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:8
- Basement:Yes
- Basement Description:Full
- Living area:1,400 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Slate
- Year built:1920
- Building area:1,400 sq. ft.
- Lot area:0.11 Acres
- Architectural Style:Colonial
- Exterior Features:Porch
- Levels:2 Stories, 2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$150,000
- Price per sq. ft.:$107.14
- Tax amount:$1,698 (2025)
Parking
- Parking description:Driveway
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