12004 Continental Ave

Cleveland, OH 44120
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3 bd, 2 ba | 2,056 sqft | Built in 1923

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List Price
$89,900

Initial Investment

$24,498

Purchase Price

$89,900

Down Payment

25%

Rent

$1,140

Total Return

$61,285

Annualized Return

31.5%

Cap Rate

8.8%

Gross Yield

15.2%

Cash Flow

$2,277

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,075

HOA

None

Flood Risk

Not Required

Here is your opportunity to own a solid investment property or your own home in the Cleveland's Buckeye-Shaker neighborhood! There is a great opportunity to finish the attic to make for an additional bedroom. Property includes younger furnace and hot water tank, updated electrical, vinyl windows and siding and glass block in basement. The spacious interior features a living room, dining room, spacious kitchen, 3 bedrooms, 1 full bath and a full basement with a quarter bath. There is also a covered front porch and rear 2nd floor porch. Add a little TLC to really bring out this property's full potential! Two of the city's largest hospital systems is located within a 3 mile radius, and also within walking distance of Shaker Square, shopping and restaurants. Owner is selling "as-is"and will not will make any repairs. Reach out to learn more about this great opportunity!

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$12,996

Expenses

-$3,381

Property Taxes

-$2,450

Loan Payments

-$4,887

Net Cash Flow

$2,277

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Denise Quiggle
Agent License 428259
McDowell Homes Real Estate Services
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5106074
Last Updated: 03/15/2025 00:03
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