964 E 225th ST Euclid, OH 44123
3 Beds
1 Bath
4,800 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Bliss-Clair Sub
MLS Listing ID 5260260
Style Cape Cod
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1948
Annual Tax Amount $2,580
Tax Year 2025
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Single Family Residence
Property Description
Excellent opportunity to acquire an income-producing investment property in Euclid! Offered at $139,000, this tenant-occupied property provides immediate rental income with an established tenant paying $1,367 per month in base rent, plus $70 per month in pet fees, for a total monthly income of $1,437.
The property generates $17,244 in annual gross rental income and has produced an actual Net Operating Income (NOI) of $14,041 over the trailing 12 months, representing an impressive 10.10% cap rate at the current asking price.
Whether you're expanding an established investment portfolio or purchasing your first rental property, this is an excellent opportunity to acquire a property with an existing income stream and documented operating performance.
Investor Highlights:
Asking Price: $139,000
Monthly Base Rent: $1,367
Monthly Pet Fees: $70
Total Monthly Rental Income: $1,437
Annual Gross Rental Income: $17,244
Trailing 12-Month NOI: $14,041
Cap Rate: 10.10%
Gross Rental Yield: 12.41%
Tenant-occupied. Please do not disturb tenant. Showings by appointment only.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Level or Stories Two
Schools
School District Euclid Csd - 1813
Others
Tax ID 643-13-105
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
Nearby Locations