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LAKESIDE LIVING
Discover the appeal of lakeside living at 1220 E 173rd, a single-family residence in the North Collinwood neighborhood of Cleveland. With 3 bedrooms and 1 bathroom, along with a living room, dining room, single-car detached garage, and fenced-in yard, this property offers a comfy living experience just minutes away from the vibrant Waterloo Arts District.
ARTISTIC VIBES
Situated on the shores of Lake Erie, North Collinwood is a unique Cleveland neighborhood known for its miles of parks along the lake bluffs. The streets are lined with beautiful old homes and charming cottages, and the commercial district of North Collinwood has transformed into a burgeoning artists’ colony, highlighted by the revitalization of Waterloo Road and the growing Waterloo Arts and Entertainment District. Residents enjoy the picturesque setting, the artistic vibes, and the proximity to the lake, making it a distinctive and inviting community.
A WELL-PRICED INVESTMENT
1220 E 173rd presents an expected rental income of 9.20% for token-holders. The property was acquired for $85,000, and the listing price includes a $4,000 renovation budget allocated for essential upgrades such as painting and landscaping, as well as addressing deferred maintenance to ensure the property remains well-kept. This property’s location close to 295 E 238th St and 857 E 222nd St also contributes to decreased operational costs, enhancing efficiency and potentially maximizing returns on investment.
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