1152 E 147th St, Cleveland, OH 44110: A Tenant-Occupied Cleveland Investment Opportunity

by Mike Ferrante

1152 E 147th St, Cleveland, OH 44110: A Tenant-Occupied Cleveland Investment Opportunity

By Mike Ferrante, Broker Associate, Mike Team at LPT Realty

For real estate investors, properties with established tenants and recent updates often attract significant attention. Located in Cleveland's Collinwood neighborhood, 1152 E 147th St offers an opportunity to acquire a single-family rental property that is already occupied and generating income.

This 2-bedroom, 1-bath bungalow features 864 square feet of living space and provides the type of investment opportunity many buyers seek when expanding a rental portfolio. With tenant occupancy already established, investors can focus on long-term strategy rather than immediately filling a vacancy.

Long-Term Tenant Already in Place

A major highlight of this property is the long-term tenant currently residing in the home. Stable occupancy is an important consideration for many investors because it can help reduce turnover costs, vacancy periods, and leasing expenses.

Having an established resident in place can make the ownership transition smoother and provide confidence for buyers seeking income-producing real estate in Cleveland.

Recent Improvements Add Value

In addition to tenant occupancy, the property has benefited from several noteworthy updates. The home features a new roof, newer hot water tank, and updated furnace, helping improve the property's overall condition and appeal.

For investors, completed improvements can reduce the likelihood of major repairs in the near future and may contribute to a more predictable ownership experience.

The detached one-car cement block garage offers additional convenience and storage while enhancing the property's functionality for future tenants.

Convenient Collinwood Location

Location continues to be one of the most important factors in real estate investing. Situated in Cleveland's Collinwood neighborhood, this property provides easy access to restaurants, shopping destinations, medical services, and major transportation routes.

Neighborhood amenities can play a major role in attracting and retaining tenants, making accessibility an important component of long-term investment performance.

A Cleveland Rental Property Worth Considering

Northeast Ohio continues to attract investors seeking affordable investment opportunities and long-term growth potential. Properties that combine established tenancy, recent updates, and practical amenities are often among the most sought-after options.

Whether you're acquiring your first rental property or adding another asset to an existing portfolio, 1152 E 147th St presents an opportunity worth exploring.