4618 E 88th ST Garfield Heights, OH 44125
4 Beds
1 Bath
4,800 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Garfield Pkwy
MLS Listing ID 5236900
Style Cape Cod
Bedrooms 4
Full Baths 1
HOA Y/N No
Year Built 1953
Annual Tax Amount $2,021
Tax Year 2025
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Single Family Residence
Property Description
The property also includes a 2-car detached garage and is situated on a quiet residential street. Best of all, it is already occupied by a long-term CMHA tenant paying $1,600/month with the tenant responsible for all utilities, providing immediate rental income with minimal turnover risk.
At a purchase price of $135,000, the property offers an attractive entry point for investors looking for strong cash flow. With top-end rents in the 44125 ZIP code reaching approximately $2,158/month, there is also potential rental upside for the future.
Projected numbers show a cap rate exceeding 12% and nearly $700/month in cash flow, making this a compelling opportunity for both seasoned investors and those looking to add a strong-performing rental to their portfolio.
Long-term tenant. Strong current rent. Utility responsibility to tenant. 2-car garage. Quiet street. Significant rental upside. This is the type of cash-flowing asset investors look for.
Location
State OH
County Cuyahoga
Rooms
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Driveway, Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage true
Private Pool No
Building
Entry Level Two
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Level or Stories Two
Schools
School District Garfield Heights Csd - 1815
Others
Tax ID 541-09-012
