This well-maintained 3-bedroom, 1-bath home in Cleveland’s Collinwood neighborhood is a prime investment, generating $1,418/month in rent, paid directly by CMHA (Cuyahoga Metropolitan Housing Authority). The tenants are secured on a lease through August 2025, transitioning to a month-to-month agreement thereafter. With monthly expenses including property taxes at $72.60, insurance at $52, and water at $43, the estimated net monthly income is $1,252.40, leading to an annual net income of approximately $15,028.80. At a purchase price of $85,000, this property offers an impressive 17.7% return on investment (ROI). Recent updates include a new roof (2023), new hot water tank (2023), and a furnace (2021), making this a low-maintenance, high-yield opportunity in a strong rental market. Don’t miss out on this cash-flowing investment—schedule a showing today!
Closed
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Listing updated:
Bought with:
Non-Member Non-Member, 9999
Non-Member
Source: MLS Now,MLS#: 5110136
Originating MLS: Lake Geauga Area Association of REALTORS
Originating MLS: Lake Geauga Area Association of REALTORSPrice history
| Date | Event | Price |
|---|---|---|
| 5/6/2025 | Sold | $90,000+350% |
Source:  MLS Now #5110136 Report a problem | ||
| 10/31/2012 | Sold | $20,000+3900% |
Source: Public Record Report a problem | ||
| 7/27/2012 | Sold | $500-89.3% |
Source: MLS Now #3321276 Report a problem | ||
| 3/26/2012 | Sold | $4,667-93.8% |
Source: Public Record Report a problem | ||
| 7/19/2004 | Sold | $75,000+181.2% |
Source: Public Record Report a problem | ||
| 5/7/2004 | Sold | $26,667-43.1% |
Source: Public Record Report a problem | ||
| 3/22/1995 | Sold | $46,900 |
Source: Public Record Report a problem | ||
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