This Cleveland Heights property shows promising rent potential, with estimated monthly revenue ranging from $1,695 to $2,075. The neighborhood's rising popularity among renters, coupled with the home's spacious 1,555 sqft and 4-bed layout, positions it well in the local market. While the last sold price of $54K seems unusually low, the current valuation of $167K suggests significant appreciation. The detached 2-car garage and full basement are definite perks for tenants. However, the property's age (built 1920) might necessitate some updates to maximize its appeal.
To boost rental income, consider modernizing the kitchen and bathrooms, as these often yield the highest ROI for landlords. Adding a half bath could significantly increase the property's value and rental potential. Given the current market trends in Cleveland Heights, holding onto this property could be a smart long-term investment. If selling, highlight the recent appreciation and untapped potential to attract investors looking for value-add opportunities in up-and-coming neighborhoods.