13913 Svec AVE Active Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Svec Allotment
MLS Listing ID 5067154
Style Colonial
Bedrooms 3
Full Baths 1
Year Built 1920
Annual Tax Amount $855
Tax Year 2021
Lot Size 5,919 Sqft
Property Description
Calling all new real estate investors! This is your chance to jump into the booming Cleveland market with an investment property that promises consistent returns. Located just minutes from the historic Shaker Square District and Cleveland Clinic, this property is ideally positioned in an area with high demand for affordable rental housing.
Here?s why this is a smart investment for you:
Guaranteed Monthly Cash Flow: With an estimated monthly rent of $1,800 backed by Section 8, you?re looking at a steady income stream. That?s $21,600 annually!
Affordable Investment: The total investment required is just $105,000, which makes it ideal for first-time investors looking to get a foothold in real estate without overextending their resources.
High Demand Location: Cleveland?s rental market is one of the most competitive in the U.S., and properties in this neighborhood are in high demand. By investing now, you capitalize on the city?s growth while securing a solid return.
Proven Rental Potential: With guaranteed Section 8 tenants and a property that?s ready for your contractor to bring to its full potential, this is the perfect BRRR (Buy, Rehab, Rent, Refinance, Repeat) opportunity.
This property offers a fantastic blend of low upfront costs and high income potential?whether you're looking to grow your portfolio or start building one.
This property is part of local community development initiative. The property as been cited for code violations and COMPLETE RENOVATION WITH PERMITS within 1 year of purchase is required.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Garage Detached,Garage
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard