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About This Home
This 3-bedroom, 1-bathroom single family at 12414 Forest Grove Avenue in Cleveland, OH is listed for $69,000 ($59 per sqft). Built in 1914, the home offers 1,172 sqft of living space on a 0.08 acres lot.
Looking for your next deal? Well you've scrolled to the right one! Cash-flowing in the Glenville neighborhood- this 3bd/1ba rental will add immediate income to your portfolio. Long term tenants in place at $900/mos paying all utilities including water and sewer.
Property meets 1% rent rule with room to increase offering built-in upside. Market rent $1200-1400 (CMHA $1683). Cap rate 10% and just meets 70% ARV. New furnace & ductwork (2025) plus 1-year home warranty for added protection. Professional property management in place, making this an ideal hands-off investment for new, seasoned, or out-of-state buyers.
Located in a high demand rent area and less than 10 minutes from Cleveland's cultural and job hub- University Circle, where you'll find the Museum of Art, Natural History, CWRU, Cleveland Clinic Main Campus, and Univ. Hospital. Don't miss out on this easy win!
Key Features
- Built in 1914
- 0.08 acre lot
- 2 stories
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$369/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
12414 Forest Grove Avenue
Cleveland, OH 44108
Elworthy-Helwick Companys Bun
Property Details
Construction
Parking
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 12414 Forest Grove Avenue is listed at $69,000 ($59/sqft). The estimated monthly payment is $299 based on 20% down at 6.5% interest.
Key features include: Built in 1914, 0.08 acre lot, 2 stories, Fireplace.
This property is listed by Athena T Nimmer and can be reached at 2163125959 or nimmerknows@gmail.com.