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$145,000
Listing Price3beds
2baths
1,004sqft
5,000sqft lot
18707 Shawnee Ave, Cleveland, OH 44119
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Home type
Price / sqft
Year built
Home Details
ATTENTION INVESTORS: TURNKEY SECTION 8 CASH COW $1,635/MO WITH MORE UPSIDE! CLEVELAND TAXES, HIGH EUCLID RENTS, EXCELLENT DSCRnnThis property is a major cashflow performer, currently generating $1,635/mo $1,494 fully covered by CMHA Section 8, plus an additional $141/mo in garage rent paid directly by the tenant with an increase in sight! Already submitted. Government-backed income, 100% split (CMHA pays 100%), with no tenant portion risk. Property is fully stabilized with long-term happy tenant, and producing a massive DSCR even at todays interest rates. Massive ratio!nnLocated just blocks from Euclid, it benefits from higher Euclid-level rents while paying lower Cleveland taxes without Euclid POS maximizing net yield. Property is on a clean, quiet, high-rental-demand street where rentals move quickly and stay full, near banks, restaurants, shops and grocery store. Walk to any of them. Rent it for the cashflow, or buy it as an owner. Many houses on this street are owner occupied!nnTurnkey, perfect for investors looking to start with no vacancy down time.nnBig rehab includes: restored hardwood floors, new kitchen flooring, fresh paint, brand new appliances, sink and hardware, and overall refresh, along with a nice fenced-in backyard. Dry basement offers value-add potential to add 12 bedrooms and increase rent significantly. likely increase in rent of $500/mo with two additional basement bedrooms. PRIME AREA!nnLEAD BASE PAINT TESTING COMPLETE AND PASSED!nnFully rehabbed, rent-
Interior Details
1004
3
2
Has Heating:
Yes
Heating Type:
Forced Air With Air Conditioning
Has Cooling:
Yes
Cooling Type:
None
Has Fuel:
Yes
Fuel Type:
Gas
Has Basement:
No
Basement Type:
Basement (unspecified)
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
5000
Yes
Yes
Type:
Garage, Detached
Location:
N/A
Status:
N/A
Number of Spaces:
1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Colonial
Aluminum/vinyl
N/A
Gable
Asphalt
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$1,463
$3,990
$13,900
--%
$17,890
2018
$1,458
$3,990
$13,900
--%
$17,890
2017
$1,688
$2,910
$17,570
--%
$20,480
2016
$1,675
$2,910
$17,570
--%
$20,480
2015
$1,674
$2,910
$17,570
--%
$20,480
2013
$1,473
$2,590
$15,680
--%
$18,270
2011
$1,648
$7,070
$20,340
--%
$27,410
Average Home Price in 44119
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