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$109,500 Active

18315 Marcella RoadCleveland, OH 44119

3 bd · 1 ba · 2,204 sq ft

Listed by Adrian Frederick, Coldwell Banker Schmidt Realty · afredericksold@gmail.com, 216-469-4854Advertised by Parkview Realty Group LTD

About this home

NEW REDUCED PRICE! ATTENTION INVESTORS! TURNKEY, TENANT-OCCUPIED COLONIAL GENERATING $1,250 PER MONTH ($15,000 ANNUALLY) IN RENTAL INCOME! Fantastic opportunity to expand your investment portfolio with this spacious 3-bedroom, 1-full-bath Colonial offering immediate rental income from day one! Property features an established tenant already in place paying $1,250 per month (not Section 8), providing consistent income without the hassle of finding a new renter. This attractive investment offers a spacious, functional floor plan with comfortable living areas and classic Colonial charm, making it an appealing option for long-term rental ownership. The home features 3 generously sized bedrooms, a full bathroom, and a basement providing abundant additional storage and potential for added functionality. Investors will appreciate the combination of an existing income stream, practical layout, and manageable property features, making this an excellent addition to any investment portfolio. Located in an established residential area with rental demand, this property offers an appealing opportunity for investors seeking long-term income and potential appreciation. Whether you're purchasing your first rental property or expanding an established portfolio, this income-producing Colonial offers an opportunity to build long-term wealth through real estate! Don't miss your chance to acquire an affordable investment property with rental income already in place! IMPORTANT: Tenant occupied. Do not disturb tenant. No showings until an accepted offer. Serious, qualified buyers only. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.

Details

StatusActive
TypeHomes
StyleSingleFamilyResidence
Year built1927
Lot size0.1341 acres
Garage spaces1.0
CountyCuyahoga
Annual taxes$2,435
MLS #5256275
ListedOct 26, 2026
Listing last updatedOct 26, 2026, 8:03 PM ET

Mortgage calculator

Today's average: 7.218% (30-year fixed, conventional), as of Oct 27, 2026. Source: Optimal Blue Mortgage Market Indices, via FRED (St. Louis Fed). Your rate depends on your credit and lender. Taxes: the listing's MLS amount (Ohio taxes are paid in arrears).

Estimated monthly payment: $923.61

Principal & interest$595.69
Mortgage insurance$0.00
Property taxes$202.92
Homeowners insurance$125.00
HOA$0.00
Total per month$923.61

Down payment $21,900.00 (20%) · Loan amount $87,600.00 at 7.218% for 30 years.

Estimate only. Not a loan offer or a closing statement. Your actual payment depends on your lender, credit, taxes and insurance. Talk to a licensed loan officer.

Schedule a showing with Clara Brooks

Listed by Adrian Frederick, Coldwell Banker Schmidt Realty · afredericksold@gmail.com, 216-469-4854Advertised by Parkview Realty Group LTD

Listed Oct 26, 2026. Listing information last updated Oct 26, 2026, 8:03 PM ET. Report a listing error

Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchase or lease. Data is deemed reliable but not guaranteed. Properties may no longer be available.

Listing data from MLS Now, last updated Oct 29, 2026, 1:09 AM ET.