994 Parkwood Drive
Cleveland, OH, 44108 $ 150,000
Bedrooms5 Baths2.0 Sq 1,400 Monthly Estimate*
$ 947
for $150,000 with 5 bedrooms and 2 full baths. This 1,400 square foot home was built in 1920 on a lot size of 0.1065.
Welcome to an updated & income-producing Colonial offering an excellent opportunity for investors seeking a turnkey addition to their rental portfolio! The home features 5 bedrooms & 2 bathroom, providing a spacious & versatile layout with strong rental potential. The main living area offers a comfortable living room, a renovated kitchen featuring newer cabinetry, butcher block countertops, recessed can lighting, & modern finishes, with adjoining dining space, & plenty of room throughout for everyday living. The basement provides additional storage space along with potential for future value-add opportunities. The property has undergone extensive updates, newer LVP flooring runs throughout the home, while the updated bathroom offers a refreshed & contemporary appearance. Additional improvements include newer vinyl windows, updated plumbing & electrical systems, newer roof, newer hot water tank, & newer furnace—helping reduce the likelihood of major near-term capital expenditures. Investors can begin generating income from day one, as the property is currently tenant occupied at $1,800/mo., on a month-to-month lease. The combination of strong rental income, 5 bedroom configuration, substantial improvements, & an existing tenant makes this an attractive opportunity for investors. Located in Cleveland with access to major roads & public transportation, the property is also near shopping, schools, parks, restaurants, & a wide variety of everyday amenities. Professional management in place & willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab & construction services available for remote investors! Whether you’re looking for immediate cash flow or a well-updated rental with long-term income potential, this property offers the space, improvements, & rental performance investors look for! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling None
Possession Delivery Of Deed
Roof Slate
Patio/Porch Features Porch
Architectural Style Colonial
Construction Materials Frame
Year Built 1920
Stories Count 2
Township Cleveland
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Cuyahoga
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Amor & Carpenters
Garage Y/N false
Total Rooms 8
Full Baths 2
Status Active
Directions On Parkwood Drive between Greenlawn Avenue and Amor Avenue
City Cleveland
Disclosures Principal is Real Estate Licensed
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 1698
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Single Family Residence
Legal Description 370 A & C 0120 ALL
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InteriorBasement Full
Total Fireplaces 0
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1400
Half Baths 0
Total Bedrooms 5
Main Level Bedrooms 1
Main Level Bathrooms 1
Above Grade Finished Area Source Assessor
Total Baths 2
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ExteriorParking Features Driveway
Water Source Public
Lot Size Area 0.1065
Lot Size Acres 0.1065
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded FeaturesList ByMichael AzzamListing Agent
Re/Max Haven RealtyBroker
mike@theazzamgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $947
- Monthly Property Taxes
- $142
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Cleveland, OH
Average List Price $184,729
Percent of Sale Price 23%
About Cleveland, OH 372,504 Population
-22% Since 2002
$ 27,719 Median Income
37.02 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/3/2026 | $150,000 | | Listed Price |