Vickie Kelley

1659 Lee Road, Cleveland, OH 44118

$299,900
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New to the Market Active
BEDS6 BATHS2 full SQUARE FEET2,570 MLS#5233889
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONCharles A Post Uplands Sub SCHOOLCleveland Hts-Univer - 1810

Property Description

INVESTMENT OPPORTUNITY Fully occupied Cleveland Heights single-family rental offered at $299,900 with a long-term lease and built-in rent growth already in place. Current rent is $2,730/month ($32,760 annually), increasing to $2,870/month in April 2027 and $3,015/month in April 2028. Current lease term extends through April 18, 2029. 1659 Lee Rd offers 6 bedrooms, 2 full baths and more than 1,900 square feet of living space. The spacious floor plan features hardwood floors, a large living room, formal dining room, updated kitchen with ample cabinet and counter space, six bedrooms and two full baths. Tenants are responsible for utilities, lawn care and snow removal. Conveniently located near shopping, dining, parks and other Cleveland Heights amenities. An opportunity to acquire an established income-producing single-family rental with scheduled rent growth already in place.

1659 Lee Road | MLS# 5233889

This single family home located at 1659 Lee Road, Cleveland, OH 44118 is currently listed for sale with an asking price of $299,900. This property was built in 1915 and has 6 bedrooms and 2 full baths with 2570 sq. ft. Lee Road is located in the Charles A Post Uplands Sub subdivision within the Cleveland Hts-Univer - 1810 school district. Search Charles A Post Uplands Sub real estate on vkelley.mcrealestateohio.com today.

Property Features

Property Type: Residential - Single Family
Basement: Finished
Basement: Yes
Cooling: Ceiling Fan(s)
Fireplaces: 1
Garage: 2
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.18 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $5,772 / year
Year Built: 1915

Feature Descriptions

Exterior: Vinyl Siding
Parcel#: 684-32-015
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Hts-Univer - 1810

Listed By / Shown By

Listed By

Agency Name: Keller Williams Greater Metropolitan
Agency Contact: jeffwangrealestate@gmail.com, 216-990-3200

Shown By

Agent Name: Vickie Kelley
Agent Phone: (330) 608-2657
Agency Title: M.C. Real Estate

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Estimated Payment

$ 1,235.92 per month $667.45 Principal & Interest $481.00 Property Tax $87.47 Homeowner's Insurance

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