If you’re looking for a great investment opportunity in Ohio, this property for sale in Garfield Heights is definitely worth checking out. This beautiful colonial home is situated on a great lot with a fenced-in yard and a 2-car garage, and it comes with a tenant already in place, making it a turnkey investment.
Currently, the property is rented out to a tenant for $1,095 per month, with the lease expiring in April 2024. The tenant is responsible for all utilities except for water and sewer, which the owner pays for. This means that you’ll be able to start earning rental income right away without having to worry about finding a tenant or dealing with the hassles of property management.
The property has received numerous updates throughout the home, including various kitchen updates, a newer hot water tank and furnace, modern bathroom remodeling, and more. This means that you won’t have to spend a lot of money on renovations or repairs before you can start generating rental income.
One of the best things about this property is its potential for future rental income growth. With the current rental rate at $1,095 per month, there is significant upside potential by increasing rents upon lease renewal. This means that you could potentially earn even more rental income in the future, making this investment even more lucrative.
Overall, this Ohio investment property for sale is a great opportunity for investors looking for a stable and cash-flowing investment. With a tenant already in place and numerous updates throughout the home, this property is a turnkey investment that you won’t want to miss out on. So if you’re interested in investing in Ohio real estate, be sure to check out this property in Garfield Heights.
8811 Park Heights Avenue, Garfield Heights, OH 44125