Welcome to the charming colonial home in Garfield Heights, Ohio! This exquisite property boasts four bedrooms, two full bathrooms, and is situated on a spacious lot with a fenced-in yard and a convenient two-car garage. Currently, it is a tenant-occupied investment property, rented for $1,095 per month, with a lease that expires in April 2024.
One of the notable advantages of this investment property is that the tenant is responsible for all utilities, except for water and sewer, which are covered by the owner. This arrangement ensures a hassle-free experience for the landlord while maintaining a steady cash flow.
The house has undergone several updates, making it even more appealing to potential buyers. Various kitchen updates enhance the functionality and aesthetics of the space, creating a modern and inviting atmosphere. Additionally, a newer hot water tank and furnace have been installed, ensuring the property remains in prime condition. The bathroom remodeling adds a touch of luxury and sophistication to the home.
Investing in this property presents a fantastic opportunity for those seeking a turnkey investment. With a stable rental income and a reliable tenant in place, this investment promises immediate returns. However, the potential for increased profits lies in the ability to raise the rent upon lease renewal, offering significant upside for the savvy investor.
Garfield Heights is a highly desirable location in Ohio, known for its friendly community, excellent schools, and convenient access to various amenities. The neighborhood offers a great mix of residential tranquility and urban convenience, making it an ideal location for tenants and homeowners alike.
Whether you are a seasoned investor looking to expand your portfolio or a first-time buyer interested in owning a profitable rental property, this Ohio investment property in Garfield Heights is worth serious consideration. Don’t miss out on the opportunity to acquire a well-maintained, cash-flowing property with the potential for increased rental income. Secure your financial future with this attractive investment opportunity today!
8811 Park Heights Avenue, Garfield Heights, OH 44125