3947 W 22nd ST new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44109
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,311 sqft
Price per Sqft $106
Subdivision Fuller Kam & Krohle
MLS Listing ID 5133461
Style Conventional
Bedrooms 4
Full Baths 2
Year Built 1922
Annual Tax Amount $2,027
Tax Year 2024
Lot Size 3,598 Sqft
Property Sub-Type Single Family Residence
Property Description
ATTENTION INVESTORS: RARE OPPORTUNITY TO CONTROL THE BLOCK — This turnkey cash cow sits in the path of rapid wealth creation on Cleveland's West Side. MetroHealth has committed over $1 billion to its campus and surrounding area — including housing, community services, and transit upgrades. This institutional anchor is fast-tracking area home values, outpacing the broader market, which itself rose 15% year-over-year. Own 3947 W 22nd alongside 3943 W 22nd — a rare chance to lock in both instant cashflow + long-term appreciation. Both are SFHs, both Section 8 occupied. "LEAD BASED PAINT TESTED & CERTIFIED!".
TURNKEY CASH COW: Strong appreciation plays aside, Section 8 investors will love this — currently rented at almost $1,400/mo with a 100% RENT SPLIT through CMHA Section 8. That means 100% of the rent is covered by the government with $0 tenant portion risk. Tenant is cooperative, happy, great to deal with. No waiting months to fill vacancies -- government-backed income from day one of ownership.
Extensive CapEx completed: Brand new full house siding, new roof (full replacement), updated basement, fresh paint and finishes, new bathroom vanity, upgraded plumbing.
Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS.
Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air,Gas
Cooling None
Exterior
Parking Features Off Street,On Street
Roof Type Shingle
Building
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Special Listing Condition Standard