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1124 E 114th ST Cleveland, OH 44108
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Key Details
Sold Price $120,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,146 sqft
Price per Sqft $104
Subdivision Knight Richardson & Moores Al
MLS Listing ID 5131930
Sold Date 07/30/25
Style Traditional
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,146
Year Built 1910
Annual Tax Amount $1,732
Tax Year 2024
Lot Size 3,676 Sqft
Acres 0.0844
Property Sub-Type Single Family Residence
Stories Two
Story Two
Property Description
Gold mine. Turnkey cash cow. Currently rented at $1,544/mo through CMHA Section 8. Government-backed cash flow from day one. Stable and happy tenant since Sept. 2024. Tenant is cooperative, very communicative, employed, and low-maintenance. Rent increase request eligible around July 2025, giving additional upside potential. Tenant has stated they wish to stay in the house. Strong lease is transferrable and very owner-protective. Turns month-to-month on 9/18/25, giving buyer complete flexibility should they wish to non-renew.
Remodeled and updated: Select new double-pane vinyl windows, new appliances (convey), updated bathroom, new plumbing, partial electrical upgrades, new light fixtures, maintenance-free wood floors, newer LVP flooring, newer paint throughout, cleared fenced yard. Foundation perimeter scraped and resealed inside and out. Passed lead-based paint testing.
Situated on a quiet stree with a mix of owner-occupants and well-managed investor properties. Low CapEx, government-backed guaranteed income, fully stabilized, immediate cashflow, upside built in, responsible tenant.
PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplaces Number 1
Fireplace Yes
Window Features Double Pane Windows,Insulated Windows
Appliance Range, Refrigerator
Exterior
Parking Features None
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 109-22-143
Financing Conventional
Special Listing Condition Standard
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Bought with Anna Lee Rindskopf • RE/MAX Crossroads Properties