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Home for Sale at 12627 Iowa Avenue in Cleveland, OH for $68,500

Listing data last changed 08/14/2025 - 3:26pm
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12627 Iowa Avenue | Cleveland

$68,500 | 3 Beds | 1 Baths (1 Full) | 1,160 Sq. Ft.

This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city\u2019s most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! MLSNow 5136141 Directions to property: Off of Eddy Rd, between Taft Ave and Locke Ave, near Cleveland Rd

MLS Listing ID: 
MLSNow 5136141
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$68,500
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Cleveland
Address: 
12627 Iowa Avenue, Cleveland, OH 44108
County: 
Cuyahoga
Latitude: 
41.5468060
Longitude: 
-81.5961730
Directions: 
Off of Eddy Rd, between Taft Ave and Locke Ave, near Cleveland Rd
Public Remarks: 
This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city\u2019s most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors!
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
L M Southerns Forest Park Sub
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Stories: 
2
Year Built: 
1921
Living Area: 
1,160
Basement: 
Full
Construction
Construction Materials: 
Aluminum Siding,Vinyl Siding
Roof: 
Asphalt,Shingle
Porch: 
Covered,Porch
Room Details
Details about the rooms in the building.
Total Rooms: 
6
Total Bedrooms: 
3
Total Bathrooms: 
1
Total Full-Bathrooms: 
1
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.08
Lot Size (Area): 
0.08
Lot Features
Parking Type: 
Driveway,Off Street,Paved
Public Record
Parcel Number: 
111-16-154
Annual Tax: 
$721.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX Haven Realty

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