Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: jeffwangrealestate@gmail.com, 216-990-3200
Shown By
Agent Name: Kim Mills
Agent Phone: (614) 439-9132
Agency Title: Cutler Real Estate
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Property Description
INVESTMENT OPPORTUNITY Fully occupied Cleveland Heights single-family rental offered at $299,900 with a long-term lease and built-in rent growth already in place. Current rent is $2,730/month ($32,760 annually), increasing to $2,870/month in April 2027 and $3,015/month in April 2028. Current lease term extends through April 18, 2029. 1659 Lee Rd offers 6 bedrooms, 2 full baths and more than 2800 square feet of living space. The spacious floor plan features hardwood floors, a large living room, formal dining room, updated kitchen with ample cabinet and counter space, six bedrooms and two full baths. Tenants are responsible for utilities, lawn care and snow removal. Conveniently located near shopping, dining, parks and other Cleveland Heights amenities. An opportunity to acquire an established income-producing single-family rental with scheduled rent growth already in place.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Finished
Cooling: Ceiling Fan(s)
Days on Market: 2
Fireplaces: 1
Garage: 2
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.18 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $5,772 / year
Year Built: 1915
Feature Descriptions
Exterior: Vinyl Siding
Parcel#: 684-32-015
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Hts-Univer - 1810
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Estimated Payment
$ 2,104.70 per month $1,536.23 Principal & Interest $481.00 Property Tax $87.47 Homeowner's InsuranceChange Payment Information
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1659 Lee Road | MLS# 5233889
This single family home located at 1659 Lee Road, Cleveland, OH 44118 is currently listed for sale with an asking price of $299,900. This property was built in 1915 and has 6 bedrooms and 2 full baths with 2870 sq. ft. Lee Road is located in the Charles A Post Uplands Sub subdivision within the Cleveland Hts-Univer - 1810 school district. Search Charles A Post Uplands Sub real estate on www.sellwithmills.com today.