Home for Sale at 3947 W 22nd Street in Cleveland, OH for $139,000

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3947 W 22nd Street | Cleveland

$139,000 | 4 Beds | 2 Baths (2 Full) | 1,311 Sq. Ft.

ATTENTION INVESTORS: RARE OPPORTUNITY TO CONTROL THE BLOCK \u2014 This turnkey cash cow sits in the path of rapid wealth creation on Cleveland\u2019s West Side. MetroHealth has committed over $1 billion to its campus and surrounding area \u2014 including housing, community services, and transit upgrades. This institutional anchor is fast-tracking area home values, outpacing the broader market, which itself rose 15% year-over-year. Own 3947 W 22nd alongside 3943 W 22nd \u2014 a rare chance to lock in both instant cashflow \u002B long-term appreciation. Both are SFHs, both Section 8 occupied. \u0022LEAD BASED PAINT TESTED \u0026 CERTIFIED!\u0022.\r\n\r\n\r\nTURNKEY CASH COW: Strong appreciation plays aside, Section 8 investors will love this \u2014 currently rented at almost $1,400/mo with a 100% RENT SPLIT through CMHA Section 8. That means 100% of the rent is covered by the government with $0 tenant portion risk. Tenant is cooperative, happy, great to deal with. No waiting months to fill vacancies -- government-backed income from day one of ownership.\r\n\r\nExtensive CapEx completed: Brand new full house siding, new roof (full replacement), updated basement, fresh paint and finishes, new bathroom vanity, upgraded plumbing.\r\n\r\nFully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO \u2014 INQUIRE FOR INFORMATION ON OTHER LISTINGS.\r\nDo not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer. MLSNow 5133461 Directions to property: Take exit 18A from OH-176 S\r\n3 min (2.6 mi)\r\n\r\n\r\nContinue on Denison Ave. Take W 21st St to W 22nd

MLS Listing ID: 
MLSNow 5133461
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$139,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Cleveland
Address: 
3947 W 22nd Street, Cleveland, OH 44109
County: 
Cuyahoga
Latitude: 
41.4477240
Longitude: 
-81.6974790
Directions: 
Take exit 18A from OH-176 S\r\n3 min (2.6 mi)\r\n\r\n\r\nContinue on Denison Ave. Take W 21st St to W 22nd
Public Remarks: 
ATTENTION INVESTORS: RARE OPPORTUNITY TO CONTROL THE BLOCK \u2014 This turnkey cash cow sits in the path of rapid wealth creation on Cleveland\u2019s West Side. MetroHealth has committed over $1 billion to its campus and surrounding area \u2014 including housing, community services, and transit upgrades. This institutional anchor is fast-tracking area home values, outpacing the broader market, which itself rose 15% year-over-year. Own 3947 W 22nd alongside 3943 W 22nd \u2014 a rare chance to lock in both instant cashflow \u002B long-term appreciation. Both are SFHs, both Section 8 occupied. \u0022LEAD BASED PAINT TESTED \u0026 CERTIFIED!\u0022.\r\n\r\n\r\nTURNKEY CASH COW: Strong appreciation plays aside, Section 8 investors will love this \u2014 currently rented at almost $1,400/mo with a 100% RENT SPLIT through CMHA Section 8. That means 100% of the rent is covered by the government with $0 tenant portion risk. Tenant is cooperative, happy, great to deal with. No waiting months to fill vacancies -- government-backed income from day one of ownership.\r\n\r\nExtensive CapEx completed: Brand new full house siding, new roof (full replacement), updated basement, fresh paint and finishes, new bathroom vanity, upgraded plumbing.\r\n\r\nFully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO \u2014 INQUIRE FOR INFORMATION ON OTHER LISTINGS.\r\nDo not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer.
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Fuller Kam \u0026 Krohle
Building Details
Details about the building on a property.
Architectural Style: 
Conventional
Stories: 
2
Year Built: 
1922
Living Area: 
1,311
Construction
Construction Materials: 
Brick,Vinyl Siding
Foundation Details: 
Block
Roof: 
Shingle
Room Details
Details about the rooms in the building.
Total Rooms: 
6
Total Bedrooms: 
4
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.08
Lot Size (Area): 
0.08
Lot Features
Parking Type: 
Off Street,On Street
Additional Details
Appliances: 
Range,Refrigerator
Public Record
Parcel Number: 
009-02-098
Annual Tax: 
$2,027.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Team Results Realty

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