1848 Stanwood RD, East Cleveland, OH 44112
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Sarah Omaits & Deborah Cozart

Sarah Omaits & Deborah Cozart

+1(330) 771-7817
$ 124,900
Est. payment /mo
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1848 Stanwood RD East Cleveland, OH 44112

4 Beds

1 Bath

1,894 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,894 sqft

Price per Sqft $65

Subdivision Grasmere Allotment

MLS Listing ID 5210226

Style Colonial

Bedrooms 4

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,894

Year Built 1899

Annual Tax Amount $1,130

Tax Year 2025

Lot Size 5,601 Sqft

Acres 0.1286

Property Sub-Type Single Family Residence

Property Description

Presenting a cash-flowing investment opportunity—a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.

Location

State OH

County Cuyahoga

Direction North

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Fireplace Yes

Exterior

Parking Features Driveway, Garage, Off Street

Garage Spaces 2.0

Garage Description 2.0

Fence Back Yard, Fenced

Water Access Desc Public

Roof Type Slate

Private Pool No

Building

Faces North

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Three Or More

Schools

School District East Cleveland Csd - 1812

Others

Tax ID 673-09-033

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Christopher Walling • Red 1 Realty, LLC • realtorwalling@gmail.com, 216-870-9204
Sarah Omaits & Deborah Cozart

Sarah Omaits & Deborah Cozart

OH Realtor/WV Salesperson, Co-Team Lead

+1(330) 771-7817

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1848 Stanwood RD