1848 Stanwood Rd

East Cleveland OH 44112

1894 sq. ft.

0.13 ac.

Single-Family

Currently for sale - view listing

Overview

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.

Features

4 bedrooms

1 bathroom

2 carspaces

2 garage spaces

1894 sq. ft. floor area

0.13 ac. lot size

Single-Family

Property history for 1848 Stanwood Rd

2025

Sold

$105,000

07 Apr 2025 by Gerald Graham, of Friendly Home Realty, Inc.

2024

Sold

$25,000

29 Nov 2024 by Jeffrey Lane, of Prodigy Properties

2019

Sold

$16,662

18 Oct 2019 by Dana Roseman, of Keller Williams Living

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