3663 E 54th St

Cleveland OH 44105

1238 sq. ft.

0.09 ac.

Single-Family

Currently for sale - view listing

Overview

ATTENTION INVESTORS & FIRST-TIME BUYERS — Newly refinished, move-in ready 3-bedroom, 1-bath home located in a strong rental corridor with projected returns well above the 1% rent rule. Previously rented through the Section 8 program at over $1,200/month prior to renovations, offering excellent cash flow (well over 1% rule) potential for investors seeking a turnkey addition to their portfolio. This property has been thoughtfully updated with fresh paint and new carpet throughout, granite countertops, and numerous major mechanical improvements including a newer furnace, newer electrical panel, and newer hot water heater, helping to reduce immediate maintenance concerns and capital expenditures. The home offers a functional layout, solid rental history potential, and an affordable entry point into homeownership or real estate investing. Ideal for: Buy-and-hold investors Section 8 investors Cash-flow focused portfolios First-time homebuyers looking to build equity instead of rent Vacant and easy to show. Priced aggressively for a quick sale. Opportunities at this price point with this level of updates and income potential are becoming increasingly difficult to find in today’s market.

Features

3 bedrooms

1 bathroom

1 carspace

1 garage space

1238 sq. ft. floor area

0.09 ac. lot size

Single-Family

Property history for 3663 E 54th St

2019

Sold

$32,000

30 May 2019 by Beverly Gates, of RE/MAX Above & Beyond

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