Turnkey rental property just west of W. 130th. Offered as part of a portfolio sale, 6 single-family residential properties. Each of which are or have been approved by Section 8 housing. The portfolio, if rented at market rents can gross over $7,000/mo. and is listed for $651,000, approximately 9.1% Cap Rate at list price. This well-maintained 2 bed 1 bath home has an estimated market rent of $1,050/mo. This property is currently being rented via CMHA for $850/mo. on a month-to-month lease with the owner paying for water/sewer - there is much room for rent to be increased and the owner was planning on filing for a rent increase with CMHA at the beginning of next year. Windows have been recently updated - very easy to maintain. Conveniently located near freeways, shopping, Cleveland Clinic, and just minutes to the airport and Downtown Cleveland. This home along with the portfolio is self-managed by the owner and family. MLS #s 5005577, 4507649, 4507651, 4507652, 4507653, 4507654 are all included in this portfolio. Call your agent to inquire about details, other properties in the portfolio, and the attached pro-forma analyses. Showings are allowed only once an offer has been accepted due to tenant-occupancy.
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1948
Stories: 1
Listing Office:
Office Name: EXP Realty, LLC.
Office Phone: (440) 305-3104
Listing Agent: Kevin Ramsammy
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Concrete, Detached, Garage
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: None
Other
Directions Information:
Directions: Heavy sewer construction being done by city on street. Easier to use Tyler to Brookside.
Price Information
Listing Price Info
Price Summary:
List Price: $91,500
Tax Information:
Annual Amount: $1,376
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Cleveland, OH.
This property is $65.7K less than the Median Sold Price in Cleveland, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NOWDD
MLS Number: #4507653
Listing Office:
Office Name: EXP Realty, LLC.
Office Phone: (440) 305-3104
Listing Agent: Kevin Ramsammy
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 2:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,376
$15,580
2019
$1,274
$15,580
2018
$1,270
$15,580
2017
$1,154
$13,650
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$524
Per Month
Principal & Interest
$457
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$341
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Constellation Schools: Puritas Community Elementary School
15204 Puritas Ave
Distance between this listing and this school1.44 miles
Public Charter Grades KG-4
7
/10
Constellation Schools: Westpark Community Elementary School
16210 Lorain Ave
Distance between this listing and this school1.66 miles
Public Charter Grades KG-4
7
/10
Harrison Elementary School
2080 Quail St
Distance between this listing and this school1.94 miles
Public District Grades PK-5
Nearby Schools
3
/10
Almira
11801 Worthington Ave
Distance between this listing and this school0.56 miles
Public District Grades PK-8
4
/10
Artemus Ward
4315 W 140th St
Distance between this listing and this school0.86 miles
Public District Grades PK-8
2
/10
Constellation Schools: Westside Community School of The Arts
3727 Bosworth Rd
Distance between this listing and this school0.96 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
John Marshall High School
3952 W 140th St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
5
/10
Garfield Elementary School
3800 W 140th St
Distance between this listing and this school0.62 miles
Public District Grades PK-11
5
/10
Brooklyn High School
9200 Biddulph Rd
Distance between this listing and this school1.96 miles
The neighbors living near this home have an average income of $41,613. Most Cleveland, OH residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3843 Brookside Blvd
What is the listing price of this property?
The listing price of 3843 Brookside Blvd property is $91,500.
What type of property is this?
The property 3843 Brookside Blvd is a house located in Cleveland, Ohio, 44111.
Is this property for sale now?
Sale Pending: 3843 Brookside Blvd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,376 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 3843 Brookside Blvd has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The sq. ft. of 3843 Brookside Blvd is not available (source: MLS/tax record).
Which year was this property built?
The year of construction for 3843 Brookside Blvd is 1948.
This home is located at 3843 Brookside Blvd in Cleveland, OH and zip code 44111 in the Liberty neighborhood. This home, which was built in 1948, sits on a 0.11 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 16, 2023 and is currently priced at $91,500.
Over 217 listings were sold over their listed price in March 2024 in Cleveland, OH. In the same period over 318 listings were sold below the listed price and 99 listings were sold for the listed price. The number of listings in Cleveland, OH increased by 5.3% between February 2024 and March 2024. In March 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $157,247.
From Rocket Homes Real Estate and based on county public records data.