3003 Nursery Ave

Cleveland OH 44127

1052 sq. ft.

0.1 ac.

Single-Family

Currently for sale - view listing

Overview

TURNKEY 11%+ CAP RATE. Lease agreement recently renewed at $1,100/mo. Tenant pays ALL utilities! Incredible opportunity to acquire a fully stabilized, income-producing asset generating $1,100/month. Located at 3003 Nursery Ave, this beautifully updated 3-bedroom, 1-bathroom home offers 1,052 sq. ft. of living space on a generous 4,356 sq. ft. lot. This property offers true peace of mind for an investor, as all major CapEx items have been completely addressed. Recent capital improvements include a part of the roof is brand-new, an entirely new plumbing system, a brand-new heating system, a new hot water tank, a newly constructed garage, and fresh flooring throughout. The bathroom has been updated with new fixtures and toilets. Furthermore, the property features comprehensive exterior basement waterproofing—a massive value-add ensuring long-term structural integrity and low maintenance. With all the heavy lifting already completed and a solid tenant in place, this is a day-one performing asset perfect for both local and out-of-state portfolios.

Features

3 bedrooms

1 bathroom

4 carspaces

3 carport spaces

1 garage space

1052 sq. ft. floor area

0.1 ac. lot size

Single-Family

Property history for 3003 Nursery Ave

2023

Sold

$34,000

29 Aug 2023 by Amanda Hunt, of Krch Realty, LLC

2016

Sold

$6,000

24 Jun 2016 by Scott Cohara, of ERA Lentz Associates, Inc.

Happy sellers in Cleveland

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