1334 Penhurst Road

Closed 4/23/25
Closed 4/23/25
Gallery Image 1
Gallery Image 2
Gallery Image 3
View of clothes washing area
Bathroom featuring toilet, tile walls, backsplash, and vanity
View of utilities
Utilities featuring gas water heater
Carpeted spare room featuring visible vents
Empty room featuring a textured ceiling, vaulted ceiling, and carpet
Hallway featuring a textured ceiling, wood walls, and carpet flooring
Gallery Image 11
Kitchen with tile countertops, fridge, white cabinetry, and a sink
Kitchen featuring refrigerator, visible vents, stove, white cabinets, and baseboards
Laundry area featuring a sink
Kitchen featuring tile counters, white cabinets, brick wall, refrigerator, and a sink
Unfurnished living room with a fireplace, carpet flooring, and wooden walls
Full bath featuring toilet and shower / bathing tub combination
Spare room with ceiling fan, dark colored carpet, and wooden walls
Unfurnished bedroom with a closet, dark carpet, and a ceiling fan
Empty room with carpet, beam ceiling, and a ceiling fan
Sold
Last Sold Price
$75,750
2 beds734 sqft

1334 Penhurst Road, Cleveland, OH 44110

Single FamilyProperty Type
0.08 acresLot Size
1913Year Built
$103/sq ftPrice per sq ft

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.
  • Listed by: Jack Krusinski 216.789.6736 jack@21hillrealestate.com • RE/MAX Above & Beyond
  • Listed by: Luke Schimpf 440.364.7574 luke@21hillrealestate.com • RE/MAX Above & Beyond
Listing closed: 04/23/2025 12:00 AM • Source: MLS Now, MLS#: 5100743
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Location

Listing Courtesy of RE/MAX Above & Beyond

Sold By Key Realty

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$457 per month

30 year fixed, 7.03% Interest

Principal and Interest

$404

Property Taxes

$53

HOA Dues

$0

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Property Information for 1334 Penhurst Road

Property Details

  • Taxes: $635 / year
  • MLS Type: Residential / Single Family Residence
  • County: Cuyahoga County
  • Architectural Style: Ranch
  • Has Waterfront: No

Building Information

  • Stories: 1
  • Year Built: 1913
  • Lot Size: 0.08 AC / 3,397 SF

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
  • 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

1334 Penhurst Road

Beds

2

Baths

1

Total Finished SqFt

734 SqFt

Above Grade Finished SqFt

734 SqFt

Stories

1

Lot Size

3,400 SqFt

Schools near 1334 Penhurst Road

This home is within Cleveland Metropolitan School District.
Rating
School
Type
Grades
Distance
Hannah Gibbons-Nottingham Elementary School
Public - PK to 8
Ginn Academy
Public - 9 to 12
Oliver H Perry Elementary School
Public - PK to 8
Euclid Park Elementary School
Public - PK to 9
Rating
School
Distance
Hannah Gibbons-Nottingham Elementary School
PublicPK to 8

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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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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