Listed By
Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: ryan.m.sackman@gmail.com, 704-900-9891
Shown By
Agent Name: Kim Mills
Agent Phone: (614) 439-9132
Agency Title: Cutler Real Estate
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Property Description
Strong cash-flow opportunity in Garfield Heights! This 4-bedroom, 1-bath investment property offers a solid combination of existing rental income, desirable features, and upside potential. The home features aluminum siding, vinyl windows, central air, and a partially finished basement providing additional usable space. The property also includes a 2-car detached garage and is situated on a quiet residential street. Best of all, it is already occupied by a long-term CMHA tenant paying $1,600/month with the tenant responsible for all utilities, providing immediate rental income with minimal turnover risk. At a purchase price of $135,000, the property offers an attractive entry point for investors looking for strong cash flow. With top-end rents in the 44125 ZIP code reaching approximately $2,158/month, there is also potential rental upside for the future. Projected numbers show a cap rate exceeding 12% and nearly $700/month in cash flow, making this a compelling opportunity for both seasoned investors and those looking to add a strong-performing rental to their portfolio. Long-term tenant. Strong current rent. Utility responsibility to tenant. 2-car garage. Quiet street. Significant rental upside. This is the type of cash-flowing asset investors look for.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Cooling: Central Air
Days on Market: 1
Garage: 2
Heating: Forced Air
Home Style: Cape Cod
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,021 / year
Year Built: 1953
Feature Descriptions
Exterior: Aluminum Siding
Parcel#: 541-09-012
Parking: Driveway, Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Garfield Heights City
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Estimated Payment
$ 899.33 per month $691.54 Principal & Interest $168.42 Property Tax $39.38 Homeowner's InsuranceChange Payment Information
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4618 E 88th Street | MLS# 5236900
This single family home located at 4618 E 88th Street, Garfield Heights, OH 44125 is currently listed for sale with an asking price of $135,000. This property was built in 1953 and has 4 bedrooms and 1 full baths. E 88th Street is located in the Garfield Pkwy subdivision within the Garfield Heights City school district. Search Garfield Pkwy real estate on www.sellwithmills.com today.