15417 Parkgrove Avenue | Cleveland
Unlock strong investment returns with this well-positioned 3-bedroom home in Cleveland\u0027s dynamic Waterloo Arts District! Located just 4 minutes from Euclid Beach and 13 minutes to downtown, this property offers excellent accessibility to major transit routes and urban attractions, making it a prime location with high rental demand. Key for investors, it is currently occupied at $1,250/month on a month-to-month lease, but presents significant value-add potential as the estimated Section 8 rent for a 3-bedroom in this zip code is approximately $1,400/month, offering immediate rent increase potential. For added flexibility, the property can be delivered vacant with prior notice, allowing you to secure a higher market rent or occupy the property yourself. Investors will appreciate the peace of mind offered by lead certification, a waterproofed basement with a sump pump and glass block windows, and stylish LVP flooring throughout the first floor. Furthermore, this property offers portfolio synergy as it can be acquired as a package deal with the adjacent property at 15421 Parkgrove Ave. This property presents a fantastic opportunity for investors seeking a turnkey asset with clear potential for increased cash flow in an appreciating market. Secure your next investment! Call for your private showing today! MLSNow 5130338 Directions to property: Turn left onto Lakeshore Blvd. Turn right onto Parkgrove Ave.
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. Agency Real Estate is a member of the National Association of REALTORS® Equal Housing Opportunity.