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$69,500
3003 Nursery Avenue, Cleveland, OH 44127
3
Bedrooms
1
Bathrooms
1,052 sqft
Living area
0.1 acres
Lot size
1
Garage
2
Stories
TURNKEY 11%+ CAP RATE. Lease agreement recently renewed at $1,100/mo. Tenant pays ALL utilities! Incredible opportunity to acquire a fully stabilized, income-producing asset generating $1,100/month. Located at 3003 Nursery Ave, this beautifully updated 3-bedroom, 1-bathroom home offers 1,052 sq. ft. of living space on a generous 4,356 sq. ft. lot. This property offers true peace of mind for an investor, as all major CapEx items have been completely addressed. Recent capital improvements include a part of the roof is brand-new, an entirely new plumbing system, a brand-new heating system, a new hot water tank, a newly constructed garage, and fresh flooring throughout. The bathroom has been updated with new fixtures and toilets. Furthermore, the property features comprehensive exterior basement waterproofing—a massive value-add ensuring long-term structural integrity and low maintenance. With all the heavy lifting already completed and a solid tenant in place, this is a day-one performing asset perfect for both local and out-of-state portfolios.
Heating
Cooling
Parking
Appliances
Basement
Construction
Patio & porch
3003 Nursery Avenue, Cleveland, OH 44127
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Estimated monthly payment
$435
Estimates only. Taxes and insurance are approximated from the list price and vary by county and carrier. Talk to a lender for a real quote.