Last Sold Price
2 beds734 sqft$103/sqft
1334 Penhurst Road, Cleveland, OH 44110

Description

Attention investors! This fully occupied, turnkey cash flow property is generating guaranteed rent from day one with a long-term, government-subsidized tenant EDEN (similar to CMHA Section 8), paying $1,142 per month—an exceptional 1.43% rent-to-price ratio. Recent capital improvements include a brand-new roof, furnace, hot water tank, electrical panel, and a dry basement—minimizing future maintenance costs. The home is currently a 2-bedroom, 1-bathroom, but with a simple addition of a door, it can...Attention investors! This fully occupied, turnkey cash flow property is generating guaranteed rent from day one with a long-term, government-subsidized tenant EDEN (similar to CMHA Section 8), paying $1,142 per month—an exceptional 1.43% rent-to-price ratio. Recent capital improvements include a brand-new roof, furnace, hot water tank, electrical panel, and a dry basement—minimizing future maintenance costs. The home is currently a 2-bedroom, 1-bathroom, but with a simple addition of a door, it can be converted into a 3-bedroom value add, increasing rental value and equity. The exterior is low-maintenance with vinyl siding and vinyl windows. Lead inspection passed with certified lab results. With a tenant already in place and no vacancy downtime, this is a true plug-and-play cash flow opportunity.
LISTING CLOSED: 04/23/2025 12:00 AM

  1. Listed by Jack Krusinski • RE/MAX Above & Beyond
    P: (216)-789-6736 C: (216)-789-6736 jack@21hillrealestate.com
  2. Listed by Luke Schimpf • RE/MAX Above & Beyond
    P: (440)-364-7574 C: (440)-364-7574 luke@21hillrealestate.com

Property Details for 1334 Penhurst Road

Status
MLS #
5100743
Days on Market
39
Taxes
$635 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1913
Lot Size
0.08 AC / 3,397 SF
Architectural Style
Ranch
Has Waterfront
No

Location

Listing Courtesy of RE/MAX Above & Beyond

Sold By Key Realty

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Building Information for 1334 Penhurst Road

Stories1Year Built1913Building Size-Lot Size0.08 AC / 3,397 SF

Payment Calculator

$438 per month

30 year fixed, 6.55% Interest

Principal and Interest

$385

Property Taxes

$53

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1334 Penhurst Road

Summary
Location and General Information
  • Directions: St. Clair to Penhurst
  • Latitude: 41.570687
  • Longitude: -81.55157
  • Township: Cleveland
Taxes and HOA
  • Association: No
  • Parcel Number: 116-29-012
  • Tax Annual Amount: $634.54
  • Tax Year: 2024
School Information
  • Elementary School District: Cleveland Municipal - 1809
  • High School District: Cleveland Municipal - 1809
  • Middle or Junior School District: Cleveland Municipal - 1809
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: Driveway
Property
Lot Information
  • Lot Size Acres: 0.078
  • Lot Size Area: 0.078
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 734.0
  • Above Grade Finished Area Source: Public Records
  • Land Lease: No
  • Living Area: 734.0
  • Living Area Units: Square Feet
  • Year Built: 1913
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Levels: One
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 1
  • Total Bedrooms: 2
  • Cooling: None
  • Has Cooling: No
  • Total Fireplaces: 1
  • Fireplace: Yes
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Total Rooms: 5
Exterior Features
  • Private Pool: No
  • Roof: Asphalt
  • Stories: 1

Property History for 1334 Penhurst Road

DateEvent & SourcePriceAppreciation
Apr 23, 2025

Sold

MLS Now #5100743

$75,750
Apr 21, 2025

Sold (Public Record)

Public Record #1556298711

$75,750

+16.3% / yr

Mar 24, 2025

Contract Signed

MLS Now #5100743

DateEvent & SourcePrice
04/23/2025

Sold

MLS Now #5100743

$75,750
04/21/2025

Sold (Public Record)

Public Record #1556298711

$75,750

+16.3% / yr

03/24/2025

Contract Signed

MLS Now #5100743

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1334 Penhurst Road

Taxable ValueLand$3,540Additions$5,950Total$9,490
Tax Record2025$635 ($53 / month)
Home Facts
Beds2Baths1Total Finished SqFt734 SqFtAbove Grade Finished SqFt734 SqFtStories1Lot Size3,400 SqFtStyleSingle Family ResidenceYear Built1913Year Renovated1947Zoning1FCountyCUYAHOGAAPN116-29-012Fireplace TypeHas Fireplace

Schools near 1334 Penhurst Road

This home is within Cleveland Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 9
Rating
School
Distance
Ginn Academy
Public9 to 12

Oliver H Perry Elementary School
PublicPK to 8

Euclid Park Elementary School
PublicPK to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1334 Penhurst Road, Cleveland, OH 44110
$75,750
2
734
3,397
$9,500
3
4,008
$190,000
0.5
2,562
11,050
3
1
1,406
3,800
$32,000
2
$47,500
2
1,068
3,998

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Above & Beyond

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