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Listed price in listed location currency (USD).
$124,900

412

MLS® 5210226

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1894 sqft
Garage Yes
Taxes $1,131
Days Active 1
Lot Size 
Approx. Age 1899
Avg. Price Per Sqft $65
MLS® Number 5210226

Property Address: 1848 Stanwood Rd, East Cleveland, OH, 44112-2902

Average square foot calculated using Size range provided by listing agent.

Description

Presenting a cash-flowing investment opportunity—a 1, 894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1, 450/mo. in gross rent. CMHA(Section8) currently covers 1, 190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.
MLS® Number5210226
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1899
BasementUnfinished
DrivewayDriveway, Garage, Off Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 26, 2026List Date
$124,900List Price
Feb 25, 2025End Date
$105,000Sold Price

Sold

Dec 17, 2024List Date
$105,000List Price
Oct 21, 2024End Date
$25,000Sold Price

Sold

Aug 16, 2024List Date
$40,000List Price

Home Appraisal

This property is estimated to sell between: $44,000 and $166,000.
Similar properties in this area sold on average for: $44,083
Expected to sell in 26 days. Similar properties sold in 27 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1848 Stanwood Rd, East Cleveland, OH

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