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16311 Lotus Drive

Cleveland, OH 44128
  • $78,000
  • STATUS: Closed
  • ON SITE: 118 Days
  • MLS #: 5090823
Sold - 03/12/2025
$78,000
SOLD - 03/12/2025
  • 4
    BEDS
  • 0.1
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 1,490
    SQFT
  • $52
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1929
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Keller Williams Living.
Listing information © 2025 YES-MLS.

Description

Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home. The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete. Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don't miss your chance to capitalize on this promising investment!

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Listing information © 2025 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Vines Team | RE/MAX Crossroads Properties are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2025-04-18T12:08:26.003.
www.vineshomes.com/homes/158941749
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16311 Lotus Drive Cleveland, OH 44128

  • Price: $78,900
  • Status: Closed
  • On Site: 118 Days
  • Updated: 41 min ago
  • MLS #: 5090823
4
Beds
1
Baths
1
½ Baths
0.1
Acres
1,490
SQFT
$52
$/SQFT
1929
Built
Neighborhood:
Miles-Harvard Park 05
County:
Cuyahoga
Area:
Cleveland
School District:
Cleveland Municipal
Property Description
Discover the potential in this 4-bedroom, 1.5-bathroom single-family home, situated in a prime location near Shaker Heights, an area experiencing significant gentrification and appreciation. This property is a great value-add opportunity, offering multiple exit strategies for the savvy investor. Whether you choose to rehab and rent or fix and flip, the possibilities are endless with this home. The property features a newer roof, providing a solid foundation for the required full cosmetic rehab. With ample interior space, this home offers the flexibility to transform it into a modern rental or resale-ready gem. The strong rental market, including robust Section 8 rates, ensures that this property can generate substantial cash flow once renovations are complete. Located close to schools, shopping, and major highway access, this home is in an ideal location for convenience and connectivity. The surrounding area is seeing revitalization and new development, making this an excellent opportunity to invest in a neighborhood poised for continued growth. Don't miss your chance to capitalize on this promising investment!
Exterior Features

Architectural Style Cape Cod Attached Garage YN No Carport YN No Construction Materials Aluminum Siding Asphalt Other Plaster Shingle Siding Vinyl Siding Wood Siding Garage YN Yes Levels Two Parking Features Detached Garage Roof Asphalt Shingle Waterfront YN No

Interior Features

Basement Partially Finished Basement YN Yes Cooling None Cooling YN No Fireplace YN Yes Fireplaces Total 1 Heating Forced Air Heating YN Yes Main Level Bathrooms 2 Main Level Bedrooms 2

Property Features

Above Grade Finished Area 1490 Association YN No Buyer Financing Other Elementary School District Cleveland Municipal - 1809 Home Warranty YN No Land Lease YN No Listing Terms Cash Conventional Middle Or Junior School District Cleveland Municipal - 1809 Property Sub Type Single Family Residence Sewer Public Sewer Tax Annual Amount 1457 Township Cleveland Water Source Public

Listing information © 2025 YES-MLS.
Listing provided courtesy of Keller Williams Living: 440-318-1620.
Listing information © 2025 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Vines Team | RE/MAX Crossroads Properties are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2025-04-18T12:08:26.003.
 
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Vines Team | RE/MAX Crossroads Properties
1813 Nagle Road
Avon OH, 44011
Listing courtesy of Keller Williams Living.
Listing information © 2025 YES-MLS.