JayMattlin
BEDS4
BATHS1 full
SQUARE FEET1,894
MLS#5210226
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONGrasmere Allotment
SCHOOLEast Cleveland City
Property Description
Presenting a cash-flowing investment opportunity?a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.
Property Features
Property Type: Residential - Single Family
Basement: Unfinished
Basement: Yes
Cooling: None
Fireplaces: 1
Garage: 2
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.13 Acres
Roof Type: Slate
Stories: 3.0
Taxes: $1,130 / year
Year Built: 1899
Feature Descriptions
Days on Site: 1
Exterior: Aluminum Siding
Fencing: Back Yard, Fenced
Parcel#: 673-09-033
Parking: Driveway, Garage, Off Street
Sewer: Public Sewer
Water: Public
Local Schools
School District: East Cleveland City
Listed By / Shown By
Listed By
Agency Name: Red 1 Realty, LLC
Agency Contact: realtorwalling@gmail.com, 216-870-9204
Shown By
Agent Name: Jay Mattlin
Agent Phone: (740) 974-4190 Cell
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 829.25 per month $698.66 Principal & Interest $94.17 Property Tax $36.43 Homeowner's InsuranceChange Payment Information
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1848 Stanwood Road | MLS# 5210226
This single family home located at 1848 Stanwood Road, East Cleveland, OH 44112 is currently listed for sale with an asking price of $124,900. This property was built in 1899 and has 4 bedrooms and 1 full baths with 1894 sq. ft. Stanwood Road is located in the Grasmere Allotment subdivision within the East Cleveland City school district. Search Grasmere Allotment real estate on www.brokerjay.com today.