Discover a prime investment opportunity with this recently updated turnkey condo in the desirable Myles Landing community. This property boasts fresh paint, 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
- Bedrooms: 2
- Primary Bedroom Level: Second
Other Rooms
- Total Rooms: 5
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
- Bathrooms On Main Level: 1
Appliances
- Range
- Refrigerator
- Laundry Features: InUnit
Heating and Cooling
- Heating Features: ForcedAir, Gas
- Heating: Yes
Kitchen and Dining
- Dining Room Level: First
- Kitchen Level: First
Garage and Parking
- Parking Features: Common, ParkingLot
School Information
- Elementary School District: Warrensville Heights - 1831
- High School District: Warrensville Heights - 1831
- Middle or Junior School District: Warrensville Heights - 1831
Homeowners Association
- Association Fee: 125
- Association Fee Frequency: Monthly
- Association Fee Includes: Insurance, MaintenanceGrounds, MaintenanceStructure, ReserveFund, SnowRemoval, Trash
- Calculated Total Monthly Association Fees: 125
- Pets Allowed: Yes
Other Property Info
- Annual Tax Amount: 1019
- Source Listing Status: ActiveUnderContract
- County: Cuyahoga
- Directions: I-480 E to N Miles Rd. Take exit 1 from I-480 E, Continue on N Miles Rd. Drive to Banbury Ct in Warrensville Heights
- Tax Year: 2023
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Banbury Village Condo
- Parcel Number: 763-17-501
- 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
- Below Grade Sqft Area Source: Assessor
- Construction Materials: Brick
- Entry Level: 7
- Levels: Two
- Living Area Units: SquareFeet
- Property Age: 61
- Roof: Asphalt, Fiberglass
- Levels or Stories: 2
- Building Total Stories: 2
- Structure Type: Townhouse
- Year Built Source: PublicRecords
Utilities
- Sewer: PublicSewer
- Water Source: Public
