4124 E 148th Street
Cleveland, OH 44128

Property Description

This cash-flowing single-family home presents a compelling value-add opportunity for investors seeking both immediate income and long-term upside! The property features 4 bedrooms and 1 updated full bathroom, offering a functional and flexible layout that appeals to a wide tenant pool. The updated kitchen is efficient and practical, providing durable finishes and ample space for everyday use. Downstairs, the partially finished basement adds meaningful bonus space and represents a clear value-add opportunity. A 2-car detached garage adds additional convenience and tenant appeal while reducing street-parking dependency. The home is currently occupied by a long-term tenant in place since 2023, providing stable, in-place cash flow at $1,120 per month on a 12-month lease through 02/28/2026. Located in a well-established Cleveland neighborhood near Lee and Harvard neighborhoods and Miles Playfield, the property benefits from proximity to major roads, public transportation, shopping, schools, and everyday amenities, supporting consistent rental demand. Professional management in place and willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Whether you’re looking to hold for steady cash flow, execute light improvements to increase returns, or add a dependable asset to a growing portfolio, this property offers a strong combination of stability, upside, and location!