Welcome to 16407 Telfair – Your Turnkey Investment Opportunity!
This single-family rental property is a cash flow gem, conveniently located near shopping centers, public transportation, and easy freeway access. Currently, this property is tenant-occupied, generating a steady monthly income of $747. What makes this investment even more enticing is that the tenant is under Section 8, ensuring guaranteed rent for the new owner.
Rest easy knowing that the house has recently passed a CMHA rental inspection, demonstrating its commitment to quality and safety. This property is a solid and reliable investment, offering you the peace of mind that comes with guaranteed rental income.
Don't miss out on the chance to add a secure and profitable asset to your portfolio. Contact us today to seize this turnkey opportunity and secure your financial future.
Closed
$47,350
16407 Telfair Ave, Cleveland, OH 44128
1beds
702sqft
Single Family Residence
Built in 1915
6,398 Square Feet Lot
$49,000 Zestimate®
$67/sqft
$895 Estimated rent
Home value
$49,000
$41,000 - $59,000
$895/mo
Zestimate® history
Owner options
List your home for rent
$895/mo
Rent Zestimate®
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$895/mo
Rent Zestimate®
Refinance and save
$276/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$276/mo
Est. payment
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Easy freeway accessCash flow gemPublic transportation
Zillow last checked:
Listing updated:
Listed by:
Wayne Brooks waynebrooksrei@gmail.com(216)440-1926,
EXP Realty, LLC.
Bought with:
Kyle Cutler, 2020008568
EXP Realty, LLC.
Debra Wilson, 2021000477
EXP Realty, LLC.
Source: MLS Now,MLS#: 4500753
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 702
- Total interior livable area: 702 sqft
- Finished area above ground: 702
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage, Paved
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
Lot
- Size: 6,398 Square Feet
Details
- Parcel number: 14302060
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: H J Sheets Lee Road Sub
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $37,600
- Annual tax amount: $550
- Date on market: 2/19/2024
- Cumulative days on market: 110 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2024 | Sold | $47,350-18.2%$67/sqft |
Source:  MLS Now #4500753 Report a problem | ||
| 2/23/2024 | Pending sale | $57,900$82/sqft |
Source: MLS Now #4500753 Report a problem | ||
| 11/7/2023 | Listed for sale | $57,900$82/sqft |
Source: MLS Now #4500753 Report a problem | ||
| 11/2/2023 | Pending sale | $57,900$82/sqft |
Source: MLS Now #4500753 Report a problem | ||
| 10/31/2023 | Listed for sale | $57,900+189.5%$82/sqft |
Source: MLS Now #4500753 Report a problem | ||
| 4/11/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/28/2023 | Price change | $749-0.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/21/2023 | Price change | $750-8.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/7/2023 | Price change | $820-10.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/10/2023 | Listed for rent | $920+18.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/30/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/31/2022 | Price change | $775-8.8%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/4/2022 | Listed for rent | $850+54.5%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/19/2021 | Sold | $20,000-21.1%$28/sqft |
Source: Public Record Report a problem | ||
| 5/16/2019 | Listing removed | $550$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 5/7/2019 | Listed for rent | $550$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 11/18/2005 | Sold | $25,334-18.3%$36/sqft |
Source: Public Record Report a problem | ||
| 4/17/1995 | Sold | $31,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $880 +0% | $13,160 |
| 2024 | $880 +59% | $13,160 +84.3% |
| 2023 | $554 +0.6% | $7,140 |
| 2022 | $550 +1% | $7,140 |
| 2021 | $545 -6.3% | $7,140 +8.5% |
| 2020 | $582 -48.7% | $6,580 |
| 2019 | $1,134 +111.1% | $6,580 |
| 2018 | $537 -78.3% | $6,580 -6.5% |
| 2017 | $2,478 +135.2% | $7,040 |
| 2016 | $1,054 +9.5% | $7,040 |
| 2015 | $962 -8.4% | $7,040 -9.9% |
| 2014 | $1,051 +2.3% | $7,810 |
| 2013 | $1,027 +21.7% | $7,810 |
| 2012 | $844 +57.6% | $7,810 +41.2% |
| 2011 | $535 +56.8% | $5,530 |
| 2010 | $341 -40.6% | $5,530 |
| 2009 | $575 -54.6% | $5,530 -12.2% |
| 2008 | $1,267 +32.3% | $6,300 -62.9% |
| 2007 | $958 +0.1% | $16,980 |
| 2006 | $957 | $16,980 +33.2% |
| 2005 | -- | $12,750 |
| 2004 | $763 +6.1% | $12,750 |
| 2003 | $719 +10.1% | $12,750 +9.1% |
| 2002 | $653 -42.8% | $11,690 |
| 2001 | $1,142 +4.5% | $11,690 |
| 2000 | $1,093 | $11,690 |
Find assessor info on the county website
Neighborhood: Lee Miles
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Nearby schools
GreatSchools rating
- 4/10Whitney M Young PreK-8 SchoolGrades: PK-8Distance: 1.3 mi
- 3/10John F Kennedy High SchoolGrades: 9-12Distance: 1 mi
- 3/10Robert H Jamison SchoolGrades: PK-8Distance: 1.4 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$49,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$49,000
- Ohio
- Cuyahoga County
- Cleveland
- 44128
- Lee Miles
- 16407 Telfair Ave
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