994 Parkwood Drive Cleveland, OH $ 150,000
994 Parkwood Drive
$ 150,000
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994 Parkwood Drive

Cleveland, OH, 44108
$ 150,000
Bedrooms5 Baths2.0 Sq 1,400

Monthly Estimate*

$ 947

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Single Family Home for sale in Cleveland, OH

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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Single Family Active

Price

$ 150,000

Bedrooms

5

Full Bath

2

Property Type

Single Family

Taxes

$ 1,698

Style

Lot Size

0.1065

Year Built

1920

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5242304

Features
General
Sewer 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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Interior
Basement 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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Exterior
Parking 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 Features
List By
Michael Azzam

Listing Agent

Re/Max Haven Realty

Broker

mike@theazzamgroup.com

Email

Affordability Calculator

$1,089
Per Month
87%
13%
0%
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.
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Nearby
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$150,000 Listed Price

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994 Parkwood Drive, Cleveland, OH, 44108 is a Single Family Home for sale at $150,000 with 1,400 sqft and a lot size of 0.1065. 994 Parkwood Drive has 5 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 44108 which is in Cleveland, OH