16311 Lotus DR new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44128
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,490 sqft
Price per Sqft $52
Subdivision Miles-Harvard Park 05
MLS Listing ID 5090823
Style Cape Cod
Bedrooms 4
Full Baths 1
Half Baths 1
Year Built 1929
Annual Tax Amount $1,457
Tax Year 2023
Lot Size 4,560 Sqft
Property Description
Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home.
The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete.
Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don't miss your chance to capitalize on this promising investment!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Exterior
Parking Features Detached,Garage
Garage Spaces 1.0
Garage Description 1.0
Roof Type Asphalt,Shingle
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional