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Listed price in listed location currency (USD).
$299,900

622

MLS® 5233889

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 2870 sqft
Garage Yes
Taxes $5,772
Days Active 15
Lot Size 0.1814 Acres
Approx. Age 1915
Avg. Price Per Sqft $104
MLS® Number 5233889

Property Address: 1659 Lee Rd, Cleveland, OH, 44118-1729

Average square foot calculated using Size range provided by listing agent.

Description

INVESTMENT OPPORTUNITY – Fully occupied Cleveland Heights single-family rental offered at $299, 900 with a long-term lease and built-in rent growth already in place. Current rent is $2, 730/month ($32, 760 annually), increasing to $2, 870/month in April 2027 and $3, 015/month in April 2028. Current lease term extends through April 18, 2029. 1659 Lee Rd offers 6 bedrooms, 2 full baths and more than 2800 square feet of living space. The spacious floor plan features hardwood floors, a large living room, formal dining room, updated kitchen with ample cabinet and counter space, six bedrooms and two full baths. Tenants are responsible for utilities, lawn care and snow removal. Conveniently located near shopping, dining, parks and other Cleveland Heights amenities. An opportunity to acquire an established income-producing single-family rental with scheduled rent growth already in place.
MLS® Number5233889
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1915
BasementFinished
DrivewayDetached, Garage
Garage Spaces
HeatForced Air
A/CCeiling Fans

Extras

Price History

Last Sold Price

$152,000$152K

Appreciation

--

Avg. Days Listed

2 days

Today, For Sale for $299,900

Two-story residence featuring a covered front porch, white railings, and a dormer window
For Sale · 15 days

$299,900

MLS® 5233889

15 days ago

Not Sold Yet

August 2026, For Sale for $299,900

Two-story residence featuring a covered front porch, white railings, and a dormer window
For Sale · 15 days

$299,900

MLS® 5233889

15 days ago

Not Sold Yet

February 2024, Sold for $152,000

Victorian home with covered porch
Sold · 2 days

$152,000$160,000

MLS® 5016847

3 years ago

Sold on Feb 21, 2024

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