15421 Parkgrove AVE Open House Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44110
OPEN HOUSE
Mon Aug 11, 5:30pm - 6:30pm
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,347 sqft
Price per Sqft $106
Subdivision Beach Grvs Sub
MLS Listing ID 5130237
Style Colonial
Bedrooms 4
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,347
Year Built 1920
Annual Tax Amount $1,180
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Single Family Residence
Property Description
Unlock exceptional investment opportunities with this renovated 4-bedroom, 1.5-bathroom home in Cleveland's thriving Waterloo Arts District! Offering easy access to major highways, you're just 4 minutes from Euclid Beach and 13 minutes from downtown Cleveland, perfectly balancing suburban charm with urban convenience. Key for investors, this property is a prime candidate for strong cash flow potential. It's located in a high-demand area ensuring sustained tenant interest. The home was extensively updated in 2022 with a new roof, new vinyl siding, and fresh interior/exterior paint, and is also Lead Certified for added peace of mind. Significant value-add potential exists as the property is currently tenant-occupied on a month-to-month lease at $1,250/month; however, the estimated Section 8 rent in this zip code is approximately $1,500/month, presenting a clear opportunity for immediate rental income increase. Furthermore, the property can be delivered vacant with just 30 days' notice, providing flexibility for owner-occupancy or securing a higher-paying tenant immediately. Consider this as a portfolio expansion opportunity, as it can be bundled with the adjacent property at 15417 Parkgrove Ave. Inside, discover charming hardwood floors throughout the first floor, a decorative fireplace with elegant wood moldings, and an updated kitchen featuring stylish LVP flooring that flows into the open dining area. The second floor has three bedrooms and a full bath, with a generous fourth bedroom on the third floor offering added privacy. This is a fantastic chance to acquire a well-maintained, updated property with clear income growth potential in a desirable and appreciating Cleveland neighborhood. Don't miss this chance to boost your investment portfolio! Call me for your private showing today!
Location
State OH
County Cuyahoga
Rooms
Basement Full,Unfinished
Interior
Heating Forced Air,Gas
Cooling None
Fireplaces Number 1
Fireplace Yes
Exterior
Parking Features Detached,Garage,Paved
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Porch Front Porch
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 112-16-081
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan