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Property view

1125 Galewood Drive, 
Cleveland, OH 44110

$87,900


4

Beds


1

Bath


1,402

Sq Ft


Single Family

Sold

Listed by

Tal Tamir

Bought with Keller Williams Greater Metropolitan

Russell Real Estate Services

440-526-9400

MLS#

5041646

Source:

OH NORMLS

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About This Home

1125 Galewood Drive

Discover this prime investment opportunity with a recently updated single-family home. The property features a brand new kitchen, new flooring throughout, fresh paint, and numerous additional upgrades, making it an attractive option for both tenants and investors alike. The property is currently occupied with a tenant paying $1,300 per month, covering their own electric and gas, while the owner is responsible for water and sewer. The lease is in place until June 1, 2025, providing stable cash flow for the foreseeable future. This stabilized, cash-flowing property offers an impressive financial profile, with an 11% capitalization rate (CAP) as-is and a nearly 20% cash-on-cash return. This investment delivers substantial returns without the need for additional improvements, making it a turn-key addition to any portfolio. Don't miss out on this high-yield investment opportunity in a desirable location. The county auditor's website states that there are 3 bedrooms and 1 bathroom but the owner states that there are 4 bedrooms and 1 bathroom since they finished the attic.

Home Facts

Single Family

1 Bath

4 Bedrooms

Built in 1915

Price Summary

89,900

$64 per Sq. Ft.

MLS #:

5041646

Sold:

July 8, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,402 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial

Building Area:

1,402 Sq. Ft.

Year Built:

1915


Lot

Lot Size (Sq. Ft):

2,134


Finances & Disclosures

Finances

Price:

$89,900

Price per Sq. Ft:

$64 per Sq. Ft.

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