994 Parkwood DR, Cleveland, OH 44108
994 Parkwood DR, Cleveland, OH 44108
994 Parkwood DR, Cleveland, OH 44108
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$150,000
Est. payment /mo
5 Beds
2 Baths
1,400 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $107

Subdivision Amor & Carpenters

MLS Listing ID 5242304

Style Colonial

Bedrooms 5

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,400

Year Built 1920

Annual Tax Amount $1,698

Tax Year 2025

Lot Size 4,639 Sqft

Acres 0.1065

Property Sub-Type Single Family Residence

Property Description

Welcome to an updated & income-producing Colonial offering an excellent opportunity for investors seeking a turnkey addition to their rental portfolio!

The home features 5 bedrooms & 2 bathroom, providing a spacious & versatile layout with strong rental potential. The main living area offers a comfortable living room, a renovated kitchen featuring newer cabinetry, butcher block countertops, recessed can lighting, & modern finishes, with adjoining dining space, & plenty of room throughout for everyday living. The basement provides additional storage space along with potential for future value-add opportunities.

The property has undergone extensive updates, newer LVP flooring runs throughout the home, while the updated bathroom offers a refreshed & contemporary appearance. Additional improvements include newer vinyl windows, updated plumbing & electrical systems, newer roof, newer hot water tank, & newer furnace—helping reduce the likelihood of major near-term capital expenditures.

Investors can begin generating income from day one, as the property is currently tenant occupied at $1,800/mo., on a month-to-month lease. The combination of strong rental income, 5 bedroom configuration, substantial improvements, & an existing tenant makes this an attractive opportunity for investors.

Located in Cleveland with access to major roads & public transportation, the property is also near shopping, schools, parks, restaurants, & a wide variety of everyday amenities.

Professional management in place & willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab & construction services available for remote investors!

Whether you're looking for immediate cash flow or a well-updated rental with long-term income potential, this property offers the space, improvements, & rental performance investors look for! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Main Level Bedrooms 1

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Water Access Desc Public

Roof Type Slate

Porch Porch

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 109-13-026

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


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IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606

Nearby Locations

GET MORE INFORMATION

Zachary Underwood

Zachary Underwood

+1(330) 932-0665

Broker License ID: BRKP.2014000258

Broker License ID: BRKP.2014000258

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