Discover a prime investment opportunity with this recently updated turnkey condo in the desirable Myles Landing community. This property boasts fresh paint, new vinyl flooring, updated carpeting, and refreshed kitchen and bathroom finishes, alongside a new hot water heater. Currently leased to a market rate tenant at $1, 050 per month under an annual lease expiring 7/31/2025, this condo offers a remarkable chance for a hands-off rental investment with an impressive cap rate exceeding 11%. Don't miss out on this lucrative addition to your real estate portfolio!
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
- Bathrooms On Main Level: 1
Appliances
Heating and Cooling
- Heating Features: ForcedAir
- Heating: Yes
Garage and Parking
- Parking Features: OnSite, Paved
Rental Info
- Existing Lease Type: Sublease
Homeowners Association
- Association: Yes
- Association Fee: 125
- Association Fee Frequency: Monthly
- Association Fee Includes: AssociationManagement, Insurance, MaintenanceGrounds, MaintenanceStructure
- Calculated Total Monthly Association Fees: 125
- Association Name: Banbury Village
School Information
- Elementary School District: Warrensville Heights - 1831
- High School District: Warrensville Heights - 1831
- Middle or Junior School District: Warrensville Heights - 1831
Other Property Info
- Annual Tax Amount: 839
- Source Listing Status: Pending
- County: Cuyahoga
- Directions: South of I-480
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Banbury Village Condo
- Parcel Number: 763-17-419
- Subdivision: Banbury Village Condo
- Township: Warrensville Heights
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1116
- Year Built: 1963
- Above Grade Finished Area: 1116
- Above Grade Finished Area Source: Assessor
- Construction Materials: Brick
- Entry Level: 1
- Levels: Two
- Living Area Units: SquareFeet
- Property Age: 61
- Property Condition: UpdatedRemodeled
- Roof: Asphalt, Fiberglass
- Levels or Stories: 2
- Building Total Stories: 1
- Year Built Source: PublicRecords
Utilities
- Sewer: PublicSewer
- Water Source: Public
