2300 E 86th Street
Cleveland, OH 44106

Property Description

This is the opportunity investors have been waiting for. Located in the heart of Cleveland's highly desirable 44106 neighborhood, this 4-bedroom, 1-bath home is ready for a complete transformation and offers tremendous upside for the right buyer. While the property needs renovation, the fundamentals are there, including solid mechanical systems already in place, allowing you to focus your budget on maximizing value. Even better, the current layout presents the potential to be reconfigured into a 6-bedroom property, creating a unique opportunity to significantly increase future rental income and overall asset value. The location is what truly sets this property apart. Situated just minutes from University Circle, Cleveland Clinic, Case Western Reserve University, University Hospitals, Little Italy, and Uptown, you'll be surrounded by some of the strongest economic drivers in Northeast Ohio. The area continues to benefit from substantial investment, new construction, redevelopment projects, and growing demand from both renters and homeowners. With restaurants, entertainment, major employers, and public transportation all nearby, this is a neighborhood that continues to attract attention from investors across the region. The numbers make the opportunity even more compelling. According to current CMHA payment standards, a 4-bedroom home may qualify for up to approximately $2,260 per month, while a 6-bedroom configuration can command up to approximately $2,938 per month through the Housing Choice Voucher program. For investors looking to capitalize on Cleveland's growing University Circle market, this property offers a rare chance to create substantial equity, increase cash flow, and own an asset in one of the city's strongest appreciation corridors. Bring your vision, complete the renovation, and unlock the full potential of this 44106 investment opportunity.