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About This Home

This 3-bedroom, 1-bathroom single family at 13170 Forestdale Drive in Garfield Heights, OH is listed for $150,000. Built in 1954, on a 0.24 acres lot.

Agent Description

CASH-FLOWING SECTION 8 INVESTMENT WITH RENT UPSIDE! Attention investors! Here's your opportunity to acquire a performing rental property with immediate income and strong upside potential. Currently occupied by a Section 8 tenant paying $1,600 per month ($19,200 annually), this property offers stable cash flow from day one.

With market rents supporting approximately $2,200 per month ($26,400 annually) upon future tenant turnover, investors have the opportunity to increase gross rental income by nearly $7,200 per year. Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a reliable buy-and-hold asset, this property checks all the boxes.

Features include a functional layout, strong rental demand, and a location that continues to attract quality tenants. The property is already producing income, eliminating the vacancy risk and lease-up period often associated with new acquisitions. ? Current Rent: $1,600/month ?

Projected Rent: Up to $2,200/month ? Section 8 Income Stability ? Tenant Occupied - Cash Flow from Day One ? Excellent Buy-and-Hold Opportunity ? Potential for Increased Returns Through Future Rent Adjustments Opportunities to purchase performing rental properties with built-in rent growth potential are becoming increasingly difficult to find. Add this income-producing asset to your portfolio and start earning from day one. Contact your agent today for financial details and a private showing.

Key Features

  • Built in 1954
  • 0.24 acre lot
  • 2 stories

Property Details

2 stories
1 full
1954

Monthly Cost Estimate

$802/mo

20% down · 6.5% · 30 years

Principal$108
Interest$650
Insurance$44

Estimates only. Actual payments may vary.

Location

13170 Forestdale Drive

Garfield Heights, OH 44125

Cranwood Dev Cos Cranwood Park

Property Details

Construction

Brick

Parking

Carport

Heating

Forced Air

Cooling

Ceiling Fan(s)

Questions & Answers

This 3-bedroom, 1-bathroom single family at 13170 Forestdale Drive is listed at $150,000. The estimated monthly payment is $650 based on 20% down at 6.5% interest.

Key features include: Built in 1954, 0.24 acre lot, 2 stories.

This property is listed by John Green and can be reached at 4403195495 or bjholdings23@gmail.com.

JG

John Green

Agent at Red 1 Realty, LLC

(440) 319-5495

Listed by Red 1 Realty, LLC · View on Broker Site

MLS# 5214674· Source: listhub· Updated 5 days ago

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13170 Forestdale Drive, Garfield Heights, OH 44125

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