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About This Home
This 3-bedroom, 1-bathroom single family at 16215 Miles Avenue in Cleveland, OH is listed for $105,000 ($107 per sqft). Built in 1965, the home offers 980 sqft of living space on a 0.14 acres lot.
Welcome to 16215 Miles Avenue, a turnkey investment opportunity offering immediate cash flow and long-term stability in Cleveland's east side rental market. This single-family home features 3 bedrooms and 1 bathroom, making it an ideal addition to any investor's portfolio.
The property is currently occupied by a long-term tenant who has been in place since 2022, providing proven rental consistency and peace of mind for the next owner. The tenant is under lease through October 2026 and is currently paying $1,050 per month, ensuring reliable income from day one with no vacancy concerns.
For investors seeking a low-maintenance, stabilized asset, this property checks all the boxes. With an established tenant, consistent payment history, and a lease secured well into the future, this is a truly hands-off investment opportunity. Whether you're a seasoned investor looking to add to your portfolio or a newer buyer seeking predictable returns, 16215 Miles Avenue offers a strong foundation for long-term success.
Opportunities like this-featuring in-place cash flow and extended lease security-do not come around often. Reach out to your favorite Realtor today to learn more about this income-producing Cleveland property.
Key Features
- Built in 1965
- 0.14 acre lot
Property Details
Monthly Cost Estimate
$562/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16215 Miles Avenue
Cleveland, OH 44128
Sorrento Park
Property Details
Construction
Parking
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 16215 Miles Avenue is listed at $105,000 ($107/sqft). The estimated monthly payment is $455 based on 20% down at 6.5% interest.
Key features include: Built in 1965, 0.14 acre lot.
This property is listed by Keyano Burgess and can be reached at 2163877220 or keyano.realtor@keysoldit.com.
