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$95,000
Est. payment /mo
3 Beds
1 Bath
980 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 980 sqft
Price per Sqft $96
Subdivision Sorrento Park
MLS Listing ID 5194111
Style Ranch
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 980
Year Built 1965
Annual Tax Amount $1,619
Tax Year 2024
Lot Size 6,272 Sqft
Acres 0.144
Property Sub-Type Single Family Residence
Property Description
Welcome to 16215 Miles Avenue, a turnkey investment opportunity offering immediate cash flow and long-term stability in Cleveland's east side rental market. This single-family home features 3 bedrooms and 1 bathroom, making it an ideal addition to any investor's portfolio.
The property is currently occupied by a long-term tenant who has been in place since 2022, providing proven rental consistency and peace of mind for the next owner. The tenant is under lease through October 2026 and is currently paying $1,050 per month, ensuring reliable income from day one with no vacancy concerns.
For investors seeking a low-maintenance, stabilized asset, this property checks all the boxes. With an established tenant, consistent payment history, and a lease secured well into the future, this is a truly hands-off investment opportunity. Whether you're a seasoned investor looking to add to your portfolio or a newer buyer seeking predictable returns, 16215 Miles Avenue offers a strong foundation for long-term success.
Opportunities like this—featuring in-place cash flow and extended lease security—do not come around often. Reach out to your favorite Realtor today to learn more about this income-producing Cleveland property.
The property is currently occupied by a long-term tenant who has been in place since 2022, providing proven rental consistency and peace of mind for the next owner. The tenant is under lease through October 2026 and is currently paying $1,050 per month, ensuring reliable income from day one with no vacancy concerns.
For investors seeking a low-maintenance, stabilized asset, this property checks all the boxes. With an established tenant, consistent payment history, and a lease secured well into the future, this is a truly hands-off investment opportunity. Whether you're a seasoned investor looking to add to your portfolio or a newer buyer seeking predictable returns, 16215 Miles Avenue offers a strong foundation for long-term success.
Opportunities like this—featuring in-place cash flow and extended lease security—do not come around often. Reach out to your favorite Realtor today to learn more about this income-producing Cleveland property.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Main Level Bedrooms 3
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features No Garage, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 141-05-008
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Listed by Keyano Burgess • Lokal Real Estate, LLC. • 216-252-6580, marketing@lokalrealestate.com
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