15636 Normandy Ave

Cleveland, OH 44111
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5 bd, 2 ba | 2,227 sqft | Built in 1932

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List Price
$285,000

Initial Investment

$77,663

Purchase Price

$285,000

Down Payment

25%

Rent

$2,240

Total Return

$95,489

Annualized Return

16.7%

Cap Rate

4.7%

Gross Yield

9.4%

Cash Flow

-$2,997

Appreciation

6.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to 15636 Normandy Ave. This 5 bedroom, 2 full bath brick Cape Cod is located on one of the most desirable streets in West Park.
A custom built home by one of the original builders in West Park. You will be impressed as you walk up to the front porch and enter through the original arched front door. Once inside you enter the large living room with a gas fireplace that leads to the formal dining room with built-ins. The kitchen has an eat in area for your morning coffee. Use the back hallway to make your way to two first floor bedrooms and a full bath. Upstairs you will find three more bedroom including the master bedroom with two walk in closets and a large full bath. In the lower area you will find a full basement with multiple rooms and plenty of storage. The rec room with a fireplace is waiting for you personal touches. As you enter the large fenced in yard you have plenty of room for parking along with a 2 car garage and shed. Recent updates include a new roof, new windows, furnace, hot water tank and waterproofing. Enjoy all West Park has to offer with walking distance to Impett Park, close to major highways, Cleveland Metro Parks, downtown, and the airport.

See more in Analysis
Melissa Lupton
eXp Realty (Melissa Lupton)
OH Agent License #2014004675

Annual Financial Highlights

Expected Rent

$25,536

Expenses

-$5,639

Property Taxes

-$7,400

Loan Payments

-$15,494

Net Cash Flow

-$2,997

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:Charles Kelley
Agent License 2005004251
Keller Williams Citywide
Certified Agent Brokerage:Melissa Lupton
eXp Realty (Melissa Lupton)
OH Brokerage License 2016006021
SourceMLS Now
MLS #4492620
Last Updated: 09/28/2023 04:09
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