12200 Milligan Avenue

Description

Turnkey, fully occupied, and generating $1,325 per month in rental income, this single family in Cleveland's 44135 offers investors an easy opportunity to add a stabilized property to their portfolio. The property offers a total of 3 bedrooms and 1 bathroom and has been maintained with several important updates, including vinyl windows, updated cabinetry and bathroom finishes, select mechanical improvements, and additional updates throughout. With tenants already in place, the next owner can step into immediate income without having to complete a renovation or search for tenants. The 44135 area continues to be a strong west-side rental market, making this an attractive location for long-term ownership. Residents enjoy convenient access to West Park, local restaurants and shopping, Cleveland Hopkins International Airport, major highways, and surrounding west-side neighborhoods. The area continues to see residential investment and new development, while its combination of affordability and convenient location keeps it appealing to renters and homeowners alike. For investors looking for a straightforward buy-and-hold opportunity, this property checks a lot of boxes: existing tenants, immediate cash flow, useful capital improvements, and a location with long-term appreciation potential. With much of the work already completed and income already coming in, this fully occupied 44135 single family is positioned to continue performing for its next owner.