1125 Galewood Drive
Cleveland, OH 44110
- 4 beds
- 1 bath
- 1,402 sqft
- 2,134 sqft lot
- $62 per sqft
- 1915 build
- – on site
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Discover this prime investment opportunity with a recently updated single-family home. The property features a brand new kitchen, new flooring throughout, fresh paint, and numerous additional upgrades, making it an attractive option for both tenants and investors alike. The property is currently occupied with a tenant paying $1,300 per month, covering their own electric and gas, while the owner is responsible for water and sewer. The lease is in place until June 1, 2025, providing stable cash flow for the foreseeable future. This stabilized, cash-flowing property offers an impressive financial profile, with an 11% capitalization rate (CAP) as-is and a nearly 20% cash-on-cash return. This investment delivers substantial returns without the need for additional improvements, making it a turn-key addition to any portfolio. Don't miss out on this high-yield investment opportunity in a desirable location. The county auditor's website states that there are 3 bedrooms and 1 bathroom but the owner states that there are 4 bedrooms and 1 bathroom since they finished the attic.
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Last updated Mar 15, 2025
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MLS# 5041646 —
The Building
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Year Built:1915
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Year Built Source:PublicRecords
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Construction Materials:AluminumSiding,VinylSiding
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Architectural Style:Colonial
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Levels:ThreeOrMore
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Roof:Asphalt,Fiberglass
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Basement:Unfinished
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Basement:true
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Above Grade Finished Area:1402.0
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Above Grade Finished Area Source:Owner
Interior
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Fireplace:false
Room Dimensions
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Living Area:1402.0
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Living Area Units:SquareFeet
Location
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Directions:South of St Clair Ave
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Latitude:41.54855
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Longitude:-81.579322
The Property
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Parcel Number:115-14-021
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Property Condition:UpdatedRemodeled
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Lot Size Acres:0.049
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Lot Size Area:0.049
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Waterfront:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 870-8687
- Office phone:
- (440) 526-9400
Taxes
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Tax Year:2023
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Tax Legal Description:2 GLENELLYNPK 0188 ALL
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Tax Annual Amount:$633
Beds
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Bedrooms Total:4
Baths
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Total Baths:1
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Full Baths:1
The Listing
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Listing Terms:Cash,Conventional,Item1031Exchange
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Home Warranty:false
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Cleveland Municipal - 1809
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Middle School District:Cleveland Municipal - 1809
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High School District:Cleveland Municipal - 1809
The Community
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Subdivision Name:Leworthy Helwick Companys
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Pool Private:false
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:OnStreet
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/8/24
Jul 8, 2024
|
Sold | MLS_NOW | $87,900 | -2.2% |
|
6/6/24
Jun 6, 2024
|
Pending | MLS_NOW | $89,900 | |
|
5/29/24
May 29, 2024
|
Listed / Active | MLS_NOW | $89,900 | 49.8% |
