Homes for sale - 1477 E 195th ST, Euclid, OH 44117

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Dennis Gonatas

dennis@homesbygonatas.com +1(330) 501-8300

$114,900

Est. payment - /mo

3 Beds

1 Bath

1,176 SqFt

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UPDATED:

10/24/2024 05:14 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,176 sqft

Price per Sqft $97

Subdivision Euclid Ave Sub

MLS Listing ID 5078265

Style Cape Cod

Bedrooms 3

Full Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 1,176

Total Fin. Sqft 1176

Year Built 1954

Annual Tax Amount $2,000

Tax Year 2023

Lot Size 5,318 Sqft

Acres 0.1221

Property Description

Attention investors! Here’s your chance to grab a tenant-occupied property in the desirable suburb of Euclid! Currently rented at $850 per month with the tenant paying all utilities, this property offers significant potential for rent increases. With the tenant on a month-to-month lease, you can easily raise the rent to market rates of about $1,500 by making minor cosmetic updates, including fresh paint, kitchen and bathroom upgrades, and new carpet upstairs. This is the ideal BRRRR opportunity! Once completed, you’re looking at a turnkey property with a projected 10% cap rate. Featuring hardwood floors on the first floor, a partially finished basement, and a 2-car detached garage, this is a fantastic investment for both new and seasoned investors!

Location

State OH

County Cuyahoga

Rooms

Basement Full, Partially Finished

Main Level Bedrooms 2

Ensuite Laundry In Basement

Interior

Laundry Location In Basement

Heating Gravity

Cooling None

Fireplace No

Laundry In Basement

Exterior

Garage Driveway, Detached, Garage, Paved

Garage Spaces 2.0

Garage Description 2.0

Waterfront No

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Shingle

Parking Type Driveway, Detached, Garage, Paved

Garage true

Private Pool No

Building

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Cape Cod

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Euclid Csd - 1813

Others

Tax ID 646-23-055

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687

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Dennis Gonatas

+1(330) 501-8300

Principal Broker | BRKP.2023000272

Principal Broker BRKP.2023000272

1477 E 195th ST Euclid, OH 44117

Dennis Gonatas

Dennis Gonatas

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1477 E 195th ST