Vision Sales Team

Colonial

1848 Stanwood Road

East Cleveland, OH 44112

MLS#: 5210226

$119,900

Status: Active
Listing number: 5210226
Listing provided by: Red 1 Realty, LLC
Listing agent phone: None
Last update: 10 days ago
On site: 2 months ago
Browse Properties
Grasmere Allotment - Residential

Property

Beds

4

Full Baths

1

1/2 Baths

None

Year Built

1899

Sq.Footage

1,894

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.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    1

  • Above Grade Finished Area

    1894.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Aluminum Siding

  • Parking

    Driveway, Garage, Off Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1286

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Colonial

Price

  • Sales Price

    $119,900

  • Tax Amount

    $1,130.98

  • Sq. Footage

    1,894

  • Price/SqFt

    $63

HOA

  • Association

    No

School District

  • Elementary School

    East Cleveland CSD - 1812

  • Middle School

    East Cleveland CSD - 1812

  • High School

    East Cleveland CSD - 1812

Property Features

  • Stories

    3

  • Foundation Details

    Block

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

East Cleveland CSD - 1812

Middle School

East Cleveland CSD - 1812

High School

East Cleveland CSD - 1812

Listing Courtesy of Christopher Walling , Red 1 Realty, LLC

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Agent Carla Ponikvar

Agent / Realtor®

Carla Ponikvar

Call Carla today to schedule a private showing.

(330) 760-3338

CarlaP@visionsalesteam.com


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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.

1848 Stanwood Road

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