Pending

Listed by Rich Ganim

Source: MLS Now #5234905

5250 E 135th St, Garfield Heights, OH, 44125

$175,000

3
2
2
1753 sq. ft.
0.13 ac.

SingleFam

•

30+ days on the market

What's around 5250 E 135th St

About this property

For an investor, the best opportunity may be the one that is already working. This turnkey Garfield Heights investment property comes with a tenant in place, a current lease through June 30, 2027, and rent of $1,750 per month, providing $21,000 in scheduled annual gross rent at the current rate. Instead of purchasing a vacant property and immediately searching for a tenant, you can step into an occupied investment with rental income already established. Behind the numbers is a substantial home offering 1,753 square feet of finished living space, three bedrooms, two full baths, central air, a basement, and a detached two-car garage. The kitchen includes a refrigerator, range, and dishwasher, while the basement provides valuable storage and utility space. The garage adds covered off-street parking and even more storage, features that contribute to the home's long-term rental appeal. The location adds another advantage, with convenient access to I-480 and I-77 for connections throughout Greater Cleveland, plus shopping, dining, everyday necessities, and Garfield Park Reservation nearby. There is no need to imagine what this property could be as a rental. It already is one. Run your numbers, review the lease, and take a closer look at a turnkey investment where the income story has already begun. Recent updates include basement waterproofing, a new sump pump added, new basement carpet & hot water heater last year - over $25k in updates.

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