12627 Iowa Avenue

Cleveland, OH 44108

  • 3 Bed(s)
  • 1 Bath(s)
  • 1,160 Sqft
  • 0.0758
    Acre(Lot)
$68,500

Description

This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. it is located in one of the city’s most affordable areas, which has seen recent investor activity driving gradual improvements! there is a substantial demand for rentals in this region, making long-term ownership a popular choice! current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. while it requires a complete cosmetic rehab, this can be deferred to current tenancy. additionally, the interior and mechanicals will require deferred maintenance and updates. the property has a strong foundation, steady income, and significant potential for increased market rent. this investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! don't miss out on this solid opportunity! reach out to learn more!

  • Property Type

    Residential
  • County

    Cuyahoga
  • Style

    Colonial
  • AD ID

    50321717

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BuyOwner last updated this listing 07/04/2025 @ 10:37

  • MLS: 5136141
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: MLSNow

is a Home, with 3 bedrooms which is for sale, it has 1,160 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.