3892 E 153rd Street Cleveland, OH — $135,000

3892 E 153rd Street | Cleveland

Turnkey Investment Opportunity with Immediate Cash Flow! This tenant-occupied Cleveland property is a great addition to any investment portfolio, featuring a long-term tenant who would like to remain in the home. Currently rented for $1,300 per month, this property offers strong upside potential with estimated market rents of $1,600-$1,900 per month, providing an opportunity to increase cash flow and overall returns.\r\n\r\nRecent improvements include a completely renovated bathroom, newly rebuilt front porch, updated plumbing, and a new hot water tank, helping reduce maintenance concerns and capital expenditures for the next owner. The home offers spacious living and dining areas, multiple bedrooms, a functional floor plan, and additional usable basement space that adds flexibility for tenants.\r\n\r\nOutside, you\u0027ll find a covered front porch, fenced backyard, and off-street parking. Conveniently located near shopping, schools, public transportation, major highways, and employment centers, this property benefits from consistent rental demand and a desirable location for tenants.\r\n\r\nWhether you\u0027re looking for a cash-flowing rental, a value-add opportunity, or your next portfolio acquisition, this property checks all the boxes with existing income, recent updates, and rental upside potential.\r\n\r\nTenant occupied. Showings by appointment only. Current rent: $1,300/month. Estimated market rent: $1,600-$1,900/month. Tenant would like to stay. MLSNow 5213212 Directions to property: Take Lee Rd to Harvard Ave. Turn on E 153rd