Listed By
Agency Name: Keller Williams Greater Metropolitan
Agency Contact: jburge@kw.com, 216-215-5727
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Turnkey cash-flowing opportunity in a prime Cleveland location! Welcome to 1816 E 86th St, a 5-bedroom, 1.5-bath investment property generating $1,900/month in rental income, offering strong, immediate cash flow with low operating expenses. Located in a highly desirable rental corridor, this property is in walking distance to Cleveland Clinic and a short drive to University Hospitals, Case Western Reserve University, and University Circle, making it extremely attractive to tenants seeking proximity to major employment and education hubs. This spacious home offers solid fundamentals with key improvements already completed, including a rebuilt front porch, structural lift with brand-new steel support beams, and a renovated bathroom. Two of the five bedrooms have been recently refreshed with new paint. The property is currently tenant-occupied and producing $1,900/month, with tenants covering gas and electric. While the home is in overall decent condition, it does present an opportunity for future cosmetic improvements. With its strong rent, large bedroom count, minimal expenses, and unbeatable location, this property presents an excellent opportunity for investors seeking high returns and long-term growth in one of Cleveland's most active rental markets.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.06 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $814 / year
Year Built: 1920
Feature Descriptions
Exterior: Frame
Parcel#: 119-03-094
Parking: Driveway
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 739.50 per month $633.78 Principal & Interest $67.83 Property Tax $37.89 Homeowner's InsuranceChange Payment Information
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1810 E 86th Street | MLS# 5194839
This single family home located at 1810 E 86th Street, Cleveland, OH 44106 is currently listed for sale with an asking price of $129,900. This property was built in 1920 and has 5 bedrooms and 1 full and 1 partial baths. E 86th Street is located in the Henrietta E Weatherheads subdivision within the Cleveland Municipal - 1809 school district. Search Henrietta E Weatherheads real estate on www.cutlerhomes.com today.