Property Description

Investment Opportunity High Cash Flow Rental Property Discover a strong income-producing opportunity with this versatile property currently operating with six rented bedrooms at $125/week each, generating approximately $3,000/month in rental income. Ideal for investors seeking immediate returns, this property offers steady occupancy and flexible potential for future use. Conveniently located near local amenities, the home provides tenants with comfortable living spaces and shared access to common areas. With reliable weekly rents already in place, new owners can step into a proven income stream from day one. Buyer to perform their own due diligence regarding zoning, permitted use, and any potential modifications. Thank you for your interest?this is a great chance to expand your investment portfolio with a property designed for consistent performance!

987 E 78th Street | MLS# 5169937

This multi-family property located at 987 E 78th Street, Cleveland, OH 44103 is currently listed for sale with an asking price of $75,000. E 78th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 251danielburnhamsquareunitunit259.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Concrete, Walk-Out Access

Cooling: Wall Unit(s)

Days on Market: 124

Heating: Forced Air, Gas

Lot Size: 0.15 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $1,509 / year

Year Built: 1900

Amenities

Awning(s)

Feature Descriptions

Exterior: Shake Siding

Fencing: Fenced

Laundry: Common Area

Lot: Additional Land Available

Parcel#: 105-30-052

Parking: Additional Parking, On Street

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 987 E 78th Street, Cleveland, OH 44103

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 532.80 per month $385.18 Principal & Interest $125.75 Property Tax $21.88 Homeowner's Insurance

Change Payment Information

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