15421 Parkgrove Ave Cleveland, OH 44110

Unlock exceptional investment opportunities with this renovated 4-bedroom, 1.5-bathroom home in Cleveland's thriving Waterloo Arts District! Offering easy access to major highways, you're just 4 minutes from Euclid Beach and 13 minutes from downtown Cleveland, perfectly balancing suburban charm with urban convenience. Key for investors, this property is a prime candidate for strong cash flow potential. It's located in a high-demand area ensuring sustained tenant interest. The home was extensively updated in 2022 with a new roof, new vinyl siding, and fresh interior/exterior paint, and is also Lead Certified for added peace of mind. Significant value-add potential exists as the property is currently tenant-occupied on a month-to-month lease at $1,250/month; however, the estimated Section 8 rent in this zip code is approximately $1,500/month, presenting a clear opportunity for immediate rental income increase. Furthermore, the property can be delivered vacant with just 30 days' notice, providing flexibility for owner-occupancy or securing a higher-paying tenant immediately. Consider this as a portfolio expansion opportunity, as it can be bundled with the adjacent property at 15417 Parkgrove Ave. Inside, discover charming hardwood floors throughout the first floor, a decorative fireplace with elegant wood moldings, and an updated kitchen featuring stylish LVP flooring that flows into the open dining area. The second floor has three bedrooms and a full bath, with a generous fourth bedroom on the third floor offering added privacy. This is a fantastic chance to acquire a well-maintained, updated property with clear income growth potential in a desirable and appreciating Cleveland neighborhood. Don't miss this chance to boost your investment portfolio! Call me for your private showing today!