1124 E 114th ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44108
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,146 sqft
Price per Sqft $103
Subdivision Knight Richardson & Moores Al
MLS Listing ID 5131930
Style Traditional
Bedrooms 3
Full Baths 1
Year Built 1910
Annual Tax Amount $1,732
Tax Year 2024
Lot Size 3,676 Sqft
Property Sub-Type Single Family Residence
Property Description
Gold mine. Turnkey cash cow. Currently rented at $1,544/mo through CMHA Section 8. Government-backed cash flow from day one. Stable and happy tenant since Sept. 2024. Tenant is cooperative, very communicative, employed, and low-maintenance. Rent increase request eligible around July 2025, giving additional upside potential. Tenant has stated they wish to stay in the house. Strong lease is transferrable and very owner-protective. Turns month-to-month on 9/18/25, giving buyer complete flexibility should they wish to non-renew.
Remodeled and updated: Select new double-pane vinyl windows, new appliances (convey), updated bathroom, new plumbing, partial electrical upgrades, new light fixtures, maintenance-free wood floors, newer LVP flooring, newer paint throughout, cleared fenced yard. Foundation perimeter scraped and resealed inside and out. Passed lead-based paint testing.
Situated on a quiet stree with a mix of owner-occupants and well-managed investor properties. Low CapEx, government-backed guaranteed income, fully stabilized, immediate cashflow, upside built in, responsible tenant.
PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air,Gas
Cooling None
Fireplaces Number 1
Exterior
Parking Features None
Roof Type Shingle
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard