Cleveland, OH 44128,16311 Lotus DR
Cleveland, OH 44128,16311 Lotus DR
Cleveland, OH 44128,16311 Lotus DR
Cleveland, OH 44128,16311 Lotus DR
Cleveland, OH 44128,16311 Lotus DR
Cleveland, OH 44128,16311 Lotus DR
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$78,000

$78,900

1.1%
Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

1,490 SqFt


SOLD DATE : 03/12/2025

Key Details

Sold Price $78,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,490 sqft

Price per Sqft $52

Subdivision Miles-Harvard Park 05

MLS Listing ID 5090823

Sold Date 03/12/25

Style Cape Cod

Bedrooms 4

Full Baths 1

Half Baths 1

HOA Y/N No

Abv Grd Liv Area 1,490

Year Built 1929

Annual Tax Amount $1,457

Tax Year 2023

Lot Size 4,560 Sqft

Acres 0.1047

Property Sub-Type Single Family Residence

Property Description

Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home.

The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete.

Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don't miss your chance to capitalize on this promising investment!

Location

State OH

County Cuyahoga

Rooms

Basement Partially Finished

Main Level Bedrooms 2

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Fireplace Yes

Exterior

Parking Features Detached, Garage

Garage Spaces 1.0

Garage Description 1.0

Water Access Desc Public

Roof Type Asphalt,Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Cape Cod

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 141-08-139

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Other

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Listed by Journey Toole • Keller Williams Living • JourneyToole@kw.com 440-935-9793
Bought with Steven Nguyen • Keller Williams Greater Cleveland Northeast
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