Strong turnkey investment opportunity at 14748 Coit Road in Cleveland. This single-family home is currently occupied by a long term CMHA tenant paying $1,550 per month, providing immediate and consistent cash flow from day one. An approved CMHA rent increase will raise the monthly rent to $1,700 at the end of August, further strengthening the property’s income potential. The property has been completely renovated and includes a new furnace, water heater, electrical system, and additional improvements throughout. With the major mechanical systems already updated, investors can benefit from reduced deferred maintenance concerns and a more streamlined ownership experience. Located in an established Cleveland rental area with convenient access to shopping, schools, public transportation, and major roadways. This property is ideal for investors looking to add a renovated, income-producing asset with a tenant already in place and built-in rental growth. Professional property management resources are available for remote investors, including leasing coordination, tenant communication, maintenance, and repair support. For buyers looking to expand their Cleveland rental portfolio or acquire a stabilized property with immediate cash flow, this home offers an attractive combination of condition, occupancy, and long-term income potential.
Based on the average sale price from the Youngstown, OH office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
14748 Coit Road Cleveland, OH is a Single Family Home for sale at $134900 and a lot size of 0.1021 Acres Acre(s). 14748 Coit Road Cleveland has 4 bedrooms, 1 baths and was built in 1921. The property's zip code is 44110 which is in Cleveland, OH
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.