$79,000
FOR SALE13511 Beaumont Avenue
East Cleveland, Oh, 44112
MLS #5240446
Subdivision: Leonard Park's Allotment
Building: -
4 Beds
2/- Baths
1450 sqft
$ 54.48 /sqft
**Turnkey Investment Opportunity in East Cleveland!** Welcome to 13511 Beaumont Ave, a fully updated, move-in-ready property offering an excellent opportunity for investors looking to add a low-maintenance rental to their portfolio. The interior has been refreshed throughout with fresh paint, beautifully stained hardwood floors, and durable LVP flooring in the kitchen and bathroom. The second floor features three bedrooms and a spacious full bathroom, while the finished third-floor attic includes an added electric heat source, allowing the space to qualify as a fourth bedroom per CMHA standards. The basement provides additional functionality with a laundry area and an additional bathroom.Major improvements include updated windows throughout, a new furnace, and hot water tank, helping minimize near-term capital expenses. With the renovations already completed, this property is ready for an investor to place a tenant and begin generating rental income without the time and expense of a major rehab. All violations from the city point of sale inspection have been corrected! For investors considering the Housing Choice Voucher/Section 8 rental market, the current CMHA payment standard for a 4-bedroom in ZIP code 44112 is approximately $1,683/month, subject to CMHA approval, rent reasonableness, tenant eligibility, and applicable utility allowances.Whether you're expanding an existing rental portfolio or searching for a turnkey East Cleveland investment property, 13511 Beaumont Ave offers updated living space, strong rental potential, and the opportunity to get straight to work generating income.
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Listing Courtesy of: Real of Ohio
