Single Family Investment Opportunity
Price
$138,000
Off-Market Listing: 2228 E 86th St, Cleveland, OH 44106
Located in Cleveland’s highly desirable Fairfax area, this spacious property offers a prime investment opportunity. With 7-8 bedrooms, 3 bathrooms, and an asking price of $138,000, this home is ideal for either a Section 8 rental or group home, both with substantial income potential. Currently owner-occupied, the seller is ready to move on to a new home, creating a fantastic chance for an investor to tap into Cleveland’s robust rental market.
Investment Highlights:
Section 8 Potential Rent: $2,800+/month
Group Home Potential Rent: $4,800/month
After Repair Value (ARV): $170,000
Fairfax is a well-connected Cleveland neighborhood with a strong rental market due to proximity to the downtown core, major hospitals, and educational institutions. Cleveland itself is experiencing an uptick in development, with significant public and private investment driving property values and attracting renters and homebuyers alike. Fairfax, in particular, has become highly sought after due to its blend of historic charm and recent growth, making this property a high-potential asset.
Why Invest in Cleveland and Fairfax?
Economic Growth: Cleveland’s Fairfax area benefits from economic and infrastructure investments, creating promising value appreciation for savvy investors.
Job Market Access: With close proximity to Cleveland’s Medical District, University Circle, and various educational institutions, Fairfax is an ideal location for rental properties that cater to a stable tenant base.
Rental Market Demand: The need for affordable housing options continues to grow, especially in desirable areas like Fairfax. This property, with its excellent cash flow potential, is a rare find in the current market.
Property Details:
Bedrooms: 7-8
Bathrooms: 3
Asking Price: $138,000
Submit all offers directly to investments@promiselandrealtyllc.com.
TEAM PROMISELAND Disclaimer:This listing is restricted to verified members of the TEAM PROMISELAND JV partnership program. Marketing or further dissemination of this property is strictly prohibited unless you are a verified member. Proof of funds (POF) may be requested. All interested parties are expected to adhere to our Non-Circumvention policy.
Property Map
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PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top
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