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About This Home
This 5-bedroom, 3-bathroom single family at 1331 E 88th Street in Cleveland, OH is listed for $99,000 ($56 per sqft). Built in 1970, the home offers 1,758 sqft of living space on a 0.10 acres lot.
Need a good bang for you buck? Look no further than 1331 E 88th! Located in the upcoming Hough neighborhood, this spacious 5bd/2.5ba property with 1,750+ sq ft, is ideal for group home, shared housing, or long-term rental use. Currently tenant (month to month) occupied at $1,200/month with tenant paying all utilities.
Property meets 1% rent rule and can easily exceed with market rents projected at $1,800-$2,200 (CMHA $2599). Vinyl windows and mechanicals installed in 2022 and fresh paint and carpet in 2025. 8% cap rate makes this an easy win! Great opportunity for investors seeking cash flow with appreciation potential.
Perfect home for large families and pet owners as a large fenced in backyard completes the exterior. Close to bus lines and public transit. Less than 5 minutes from University Circle, Cleveland Clinic, UH, and CWRU and 12 mins to Downtown. Call for a private tour today before this turnkey opportunity is gone!
Key Features
- Built in 1970
- 0.10 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$529/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1331 E 88th Street
Cleveland, OH 44106
W H Vantine Trustees
Property Details
Construction
Parking
Heating
Questions & Answers
This 5-bedroom, 3-bathroom single family at 1331 E 88th Street is listed at $99,000 ($56/sqft). The estimated monthly payment is $429 based on 20% down at 6.5% interest.
Key features include: Built in 1970, 0.10 acre lot, 2 stories.
This property is listed by Athena T Nimmer and can be reached at 2163125959 or nimmerknows@gmail.com.
