16215 Miles Avenue, Cleveland, OH 44128
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: keyano burgess
Office: lokal real estate, llc.
MLS#:5194111
Source:OH_NORMLS
Price summary
- Price:$95,000
- Price per sq. ft.:$96.94
About this home
Welcome to 16215 Miles Avenue, a turnkey investment opportunity offering immediate cash flow and long-term stability in Cleveland’s east side rental market. This single-family home features 3 bedrooms and 1 bathroom, making it an ideal addition to any investor’s portfolio.
The property is currently occupied by a long-term tenant who has been in place since 2022, providing proven rental consistency and peace of mind for the next owner. The tenant is under lease through October 2026 and is currently paying $1,050 per month, ensuring reliable income from day one with no vacancy concerns.
For investors seeking a low-maintenance, stabilized asset, this property checks all the boxes. With an established tenant, consistent payment history, and a lease secured well into the future, this is a truly hands-off investment opportunity. Whether you're a seasoned investor looking to add to your portfolio or a newer buyer seeking predictable returns, 16215 Miles Avenue offers a strong foundation for long-term success.
Opportunities like this—featuring in-place cash flow and extended lease security—do not come around often. Reach out to your favorite Realtor today to learn more about this income-producing Cleveland property....
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Home facts
- Year built:1965
- Listing ID #:5194111
- Added:55 day(s) ago
- Updated:May 13, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:5
- Basement:Yes
- Basement Description:Full
- Living area:980 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1965
- Building area:980 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Ranch
- Construction Materials:Aluminium Siding
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$95,000
- Price per sq. ft.:$96.94
- Tax amount:$1,619 (2024)
Parking
- Parking description:Paved
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