*Investor Special – up to $422 RENTAL INCREASE DUE IMMEDIATELY!!! That's correct! CMHA is currently using a fair market rent guideline for a 2-bedroom, but the house qualifies as a 3-bedroom. Not only does this create an incredible investment opportunity, but owner-occupants will also appreciate this darling home, which is in great condition and located in a FANTASTIC part of Garfield Heights!
This charming 3-bedroom Cape Cod deserves a whole lot more than a look! Full of character, recent updates, and future potential, this Forestdale gem offers the perfect combination of comfort, value, and opportunity.
The beautiful real hardwood floors are in excellent condition and add timeless appeal throughout the home. The recently renovated bathroom features a new tub, shower, and flooring, while a newer hot water tank provides added peace of mind. Fresh interior paint complements the functional floor plan, which includes comfortable living spaces, a spacious upstairs bedroom, and a full, dry basement with abundant storage and exciting finishing potential. The basement is in great shape and could easily be converted into additional living space.
For investors, the current long-term tenant is month-to-month, would like to stay, and currently pays only $1,600 per month. This creates the opportunity to have the CMHA voucher reflect the correct number of bedrooms while simultaneously increasing the rent up to $2,020 per month. Additionally, the home was recently appraised at $140,000 (see appraisal in supplements), creating the opportunity for immediate equity from day one.
All information is deemed reliable but not guaranteed. Photos were taken before the tenant moved in. Buyers and buyers' agents are encouraged to perform their own due diligence. Please submit offers as a single PDF. Due to tenant occupancy, curb offers only. No showings without an accepted offer. POS in Supplements.
