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Enchanting Bungalow
3883 E 177th is an enchanting home built in 1942 in the Lee-Miles neighborhood on the Southeast side of Cleveland. The property features masonry foundations and vinyl siding, as well as 1,119 square feet of living space on a 5,331 square-foot lot, and provides 3 bedrooms, 1.5 bathrooms, gas and forced air heating, front and backyards, and a detached garage. This property is well-suited for growing families looking for a suburban lifestyle within the city, with nearby green areas like Jo Ann Park, Kerruish Park, Arthur Johnston Park, and Frederick Douglass Park just minutes away.
A Single-Family Neighborhood
Over 90% of the Lee-Miles neighborhood is composed of single-family homes that date back to World War II. It is a middle-class location that offers affordability and diversity and has a strong African-American heritage. The lifestyle has a suburban feel, but provides access to numerous essential amenities, including grocery stores, local restaurants, bars, and major retail chains. Residents can enjoy nearby opportunities like the Lee-Harvard Community Service Center or John F. Kennedy Recreational Center, as well as the local Cleveland Public Library Harvard. What’s more, Lee-Miles has the advantage of easy access to major highways like Interstate Highway 271 and Interstate Highway 480.
Attractive Investment Opportunity
With a projected annual income of 9.48% for token holders at a purchase price of $89,278.80, E 177th presents a prime investment opportunity in a growing neighborhood geared toward single-family residences. The property also includes a $5,000 renovation budget to make minor upgrades and maintain its prime condition. This home is a valuable addition to our latest offerings in Lee-Miles like 16811 Glendale, and our choice to keep expanding in this neighborhood highlights the key value of this emerging area.
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