Listed By
Agency Name: Lokal Real Estate, LLC.
Agency Contact: 216-252-6580, marketing@lokalrealestate.com
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Welcome to 16215 Miles Avenue, a turnkey investment opportunity offering immediate cash flow and long-term stability in Cleveland's east side rental market. This single-family home features 3 bedrooms and 1 bathroom, making it an ideal addition to any investor's portfolio. The property is currently occupied by a long-term tenant who has been in place since 2022, providing proven rental consistency and peace of mind for the next owner. The tenant is under lease through October 2026 and is currently paying $1,050 per month, ensuring reliable income from day one with no vacancy concerns. For investors seeking a low-maintenance, stabilized asset, this property checks all the boxes. With an established tenant, consistent payment history, and a lease secured well into the future, this is a truly hands-off investment opportunity. Whether you're a seasoned investor looking to add to your portfolio or a newer buyer seeking predictable returns, 16215 Miles Avenue offers a strong foundation for long-term success. Opportunities like this?featuring in-place cash flow and extended lease security?do not come around often. Reach out to your favorite Realtor today to learn more about this income-producing Cleveland property.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: None
Heating: Forced Air, Gas
Home Style: Ranch
Lot Size: 0.14 Acres
Roof Type: Asphalt, Fiberglass
Stories: 1.0
Taxes: $1,619 / year
Year Built: 1965
Feature Descriptions
Exterior: Aluminum Siding
Parcel#: 141-05-008
Parking: No Garage, Paved
Sewer: Public Sewer
Water: Public
Room Sizes
Basement: 23.3 X 12.3 Level - Basement
Bonus Room: 8.6 X 12.3 Level - Basement
Utility Room: 31.1 X 12.1 Level - Basement
Living Room: 10.1 X 13.3 Level - First
Dining Room: 7.4 X 11.5 Level - First
Kitchen: 9.4 X 11.1 Level - First
Primary Bedroom: 9.3 X 11.1 Level - First
Bedroom: 9.6 X 8.9 Level - First
Bedroom: 8.7 X 10 Level - First
Bathroom: 6.1 X 5.5 Level - First
Local Schools
School District: Cleveland Municipal - 1809
Estimate Your Payment
Estimated Payment
$ 703.69 per month $536.69 Principal & Interest $134.92 Property Tax $32.08 Homeowner's InsuranceChange Payment Information
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16215 Miles Avenue | MLS# 5194111
This single family home located at 16215 Miles Avenue, Cleveland, OH 44128 is currently listed for sale with an asking price of $110,000. This property was built in 1965 and has 3 bedrooms and 1 full baths with 980 sq. ft. Miles Avenue is located in the Sorrento Park subdivision within the Cleveland Municipal - 1809 school district. Search Sorrento Park real estate on www.cutlerhomes.com today.