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A Delightful Residence
1531 E 173rd is a charming single-family residence built in 1926, located in the South Collinwood neighborhood in the northeast of Cleveland. This home offers 1,074 square feet of living space on a 4,007 square-foot lot and features 3 bedrooms, 1 bathroom, gas and forced air heating, and a backyard. As nearby amenities, residents can enjoy Graphite-Bronze Park, R.J. Taylor Park, and Duggan Park, known for its green spaces, sports facilities, walking trails, and family gathering spots.
Suburban Industrial Community
South Collinwood is a dense suburban neighborhood in Cleveland characterized by residential and industrial areas. Most of its buildings date to 1930, but some of the oldest clusters were built in the late 1800s. Among the main facilities are the Collinwood High School, the local library, various bars, coffee shops, and parks, and the high point of the region, Euclid Creek Reservation, which offers a beach, trails, picnic tables, fishing, and seasonal sports. The neighborhood also provides major transportation routes, including rail lines that have historically connected South Collinwood to the broader area.
Solid Investment Returns
This charming property, listed at $98,221.50, promises investors a projected rental income of 9.41% in a highly sought-after neighborhood for rental residents. Additionally, it includes an $18,000 renovation budget to change the boiler and improve fire detection, landscaping, and painting. This makes it a valuable addition to our other offerings in South Collinwood like 15440-15444 St Clair and 13523 Glenside. This property offers an appealing opportunity to invest in an area with affordable housing and new development.
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