Looking for a stabilized, turnkey rental that's already producing income? This updated 3-bedroom, 1.5-bath property in the Cleveland Heights area is fully occupied with a Section 8 tenant in place, giving the next owner immediate rental income from day one. Even better, the property is already POS compliant and lead certified, taking two major compliance items off the table and making this a straightforward addition to an investor's portfolio. A long list of improvements has already been completed, vinyl windows, updated flooring, fresh paint, renovated kitchen and bathrooms, a newly refurbished central air system, and select mechanical upgrades. With many of the major capital items addressed, investors can avoid taking on a large renovation project after closing. The desirable 3-bedroom, 1.5-bath layout also provides plenty of space for long-term tenants and helps support continued rental demand. Location adds another layer of upside. The property sits near Cleveland Heights, University Circle, Cleveland Clinic, University Hospitals, and other major east-side employment centers, with easy access to restaurants, shopping, public transportation, and everyday amenities. Continued investment and redevelopment throughout the surrounding east-side neighborhoods provide additional long-term appreciation potential. With voucher-backed income, an existing tenant, completed renovations, POS compliance, lead certification, and major improvements already handled, this is the kind of stabilized buy-and-hold opportunity investors are looking for.
Cleveland Heights is a City primarily consisting of single-family residences, most of which are owner-occupied. Single-family residences are extremely sensitive to adverse effects from other land uses and require high standards for occupancy and use of the principal building as well as location and use of accessory buildings if these areas are to be maintained and to continue to be good places in which to live. In addition, certain parts of Cleveland Heights have been developed primarily with two-family residences having a similar character to the single-family districts, and it is appropriate that there be a zoning district for this distinctive use. Single-family and two- family district regulations are established to achieve the following particular objectives: (a) The AA Single-Family District is established to provide for single-family residential uses with a minimum lot size of 15,000 square feet, compatible with the existing larger lot developments in areas so defined, as a means of preserving the unique character of these areas.;(b) The A Single-Family District is established to provide for single-family residential uses on smaller lots with a minimum of 7500 square feet.; (c) The B Two-Family District is established to permit single-family units on lots with a minimum of 7,500 square feet and two-family residential uses with a minimum lot size of 10000 square feet.; (d) To encourage as a conditional use flexible residential development to promote creative and efficient use of land through unified development.;(e) To regulate the location and lot coverage of accessory uses, buildings and structures so as to permit such uses to be established and maintained in a manner which makes them compatible with the existing residential neighborhoods.; (f) To encourage sustainable development and practices in residential neighborhoods.
Nov 30, 2010 • Final
Migrated
Upgrade the electrical service panel and meter base.
Electrical
Electric meter
Jun 30, 2006 • Final
Migrated
Remove and replace the roof on a garage.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland Heights, OH • 44112
Average low and high temperatures (°F)
30
19
36
23
53
35
61
44
65
52
78
64
83
70
79
65
75
60
65
50
51
41
39
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2257 N Taylor Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $145,000 and $197,900.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $145K to $198K.