Description from Fannie Mae HomePath
1430 E 173rd Street, Cleveland, OH 44110. 4 bed | 2 bath | 2,572 sq ft | built 1916 | 4,600 sq ft lot. Discover the potential of this investment property, offering a functional layout with spacious living areas designed for comfortable everyday living and strong rental appeal. According to Cuyahoga Metropolitan Housing Authority (CMHA) each two bedroom unit can qualify for $1,243/month, so $2,486/month for the property which easily bests the 1% Rule at 2%. The large living rooms provide welcoming spaces for relaxation and entertaining, while the kitchens and dining rooms offer comfortable space for everyday cooking, dining, and entertaining. The kitchens are equipped with ample cabinetry, providing convenient organization and abundant storage for cookware, pantry items, and everyday essentials. Each unit features two spacious bedrooms, offering comfortable private retreats with plenty of room for personalization to fit a variety of lifestyles. Each unit also includes its own bathroom, providing added convenience and privacy for occupants. The basement provides valuable storage space for seasonal items, equipment, or tenant belongings. The attic (third floor) offers excellent flexibility and can be used as an additional bedroom, home office, or bonus room, adding even more functionality to the property. Outside, the spacious backyard provides plenty of room for outdoor activities, gardening, or creating an enjoyable space for residents to relax and entertain. With its practical layout, versatile living spaces, and excellent income-producing potential, this property presents a fantastic opportunity for investors or owner-occupants alike. Schedule your private showing today!
