Property Description
Turnkey, fully occupied, and generating $1,325 per month in rental income, this single family in Cleveland's 44135 offers investors an easy opportunity to add a stabilized property to their portfolio. The property offers a total of 3 bedrooms and 1 bathroom and has been maintained with several important updates, including vinyl windows, updated cabinetry and bathroom finishes, select mechanical improvements, and additional updates throughout. With tenants already in place, the next owner can step into immediate income without having to complete a renovation or search for tenants.
The 44135 area continues to be a strong west-side rental market, making this an attractive location for long-term ownership. Residents enjoy convenient access to West Park, local restaurants and shopping, Cleveland Hopkins International Airport, major highways, and surrounding west-side neighborhoods. The area continues to see residential investment and new development, while its combination of affordability and convenient location keeps it appealing to renters and homeowners alike.
For investors looking for a straightforward buy-and-hold opportunity, this property checks a lot of boxes: existing tenants, immediate cash flow, useful capital improvements, and a location with long-term appreciation potential. With much of the work already completed and income already coming in, this fully occupied 44135 single family is positioned to continue performing for its next owner.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Garage: 1
Heating: Forced Air
Home Style: Cape Cod
Lot Size: 0.09 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $1,892 / year
Year Built: 1926
Feature Descriptions
Exterior: Asphalt, Other, Plaster, Shingle Siding, Wood Siding
Parcel#: 020-10-111
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
12200 Milligan Avenue | MLS# 5236772
This single family home located at 12200 Milligan Avenue, Cleveland, OH 44135 is currently listed for sale with an asking price of $124,900. This property was built in 1926 and has 3 bedrooms and 1 full baths with 934 sq. ft. Milligan Avenue is located in the Proposed Drexel Park Allotment subdivision within the Cleveland Municipal - 1809 school district. Search Proposed Drexel Park Allotment real estate on www.kaszycarealestate.com today.