Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: janet.hayward@kw.com, 216-647-8204
Shown By
Agent Name: Meyer & Dial
Agent Phone: (614) 340-9660
Agency Title: Cutler Real Estate
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Property Description
Investor Opportunity Turnkey Rental with Long-Term Tenant in Place! Don't miss this income-producing investment property featuring a long-term Section 8 tenant who would like to remain, providing immediate rental income from day one. The property currently generates $12,504 in annual rental income, making it an attractive addition to any investment portfolio. This spacious Front Porch Colonial offers 4 bedrooms and 1 full bath with a classic layout that includes a welcoming living room with a fireplace, a formal dining room featuring built-in cabinetry, and an eat-in kitchen. Brand-new carpeting has been installed throughout, giving the interior a fresh, updated feel. Major mechanical and infrastructure updates include a furnace (2016), hot water tank (2020), newer electrical, and a waterproofed basement, helping reduce future maintenance concerns. Whether you're looking to expand your rental portfolio or purchase a stable, income-producing property, this home offers immediate cash flow with a reliable long-term tenant already in place.
Property Features
Property Type: Residential - Single Family
Basement: Full, Unfinished
Basement: Yes
Cooling: Ceiling Fan(s)
Days on Market: 5
Garage: 1
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.09 Acres
Roof Type: Asphalt, Shingle
Stories: 3.0
Taxes: $1,288 / year
Year Built: 1915
Feature Descriptions
Exterior: Wood Siding
Fencing: Wood
Parcel#: 672-04-069
Parking: Driveway
Sewer: Public Sewer
Water: Public
Room Sizes
Living Room: 21 x 10 Level - First
Kitchen: 13 x 10 Level - First
Dining Room: 14 x 10 Level - First
Primary Bathroom: 21 x 20 Level - Third
Bedroom: 12 x 10 Level - Second
Bedroom: 10 x 10 Level - Second
Bedroom: 10 x 10 Level - Second
Local Schools
School District: East Cleveland City
Estimate Your Payment
Estimated Payment
$ 812.89 per month $667.64 Principal & Interest $107.33 Property Tax $37.92 Homeowner's InsuranceChange Payment Information
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1169 Melbourne Road | MLS# 5227133
This single family home located at 1169 Melbourne Road, East Cleveland, OH 44112 is currently listed for sale with an asking price of $130,000. This property was built in 1915 and has 4 bedrooms and 1 full baths with 2072 sq. ft. Melbourne Road is located in the Carlyon subdivision within the East Cleveland City school district. Search Carlyon real estate on www.meyeranddial.com today.