7104 Colfax RoadCleveland, OH 44104

7104 Colfax RoadCleveland, OH 44104

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$107,500 Contingent
Residential - Single Family MLS 5193980 New to the Market Contingent
3 beds 1 full baths 1 partial baths 856 sqft

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

ATTENTION INVESTORS! Turnkey Section 8 rental with quality tenant in place paying $1,317 per month who wishes to remain?providing immediate, stable cash flow from day one. Charming & updated Cape Cod features an inviting front porch and a bright, natural light-filled main floor with two bedrooms and a full bath. Beautifully remodeled kitchen includes granite countertops & all newer appliances. Second floor offers a spacious third bedroom with a convenient half bath. Property sits on an easy-to-maintain, large fully fenced yard w/plenty of shade?ideal for tenant enjoyment & long-term retention. Prime located just minutes from the Opportunity Corridor and situated on a street with many newer homes, this location continues to see strong rental demand and growth. Major updates completed in 2022 provide peace of mind and low maintenance, including roof, electrical, plumbing, paint, interior and exterior doors, bathrooms, tankless hot water tank, furnace, central air, siding, and all kitchen appliances. Strong income, updated condition, plus desirable rental location make this a solid addition to any investment portfolio. Do not disturb tenant. Very limited showings until accepted offer. No wholesalers. No owner financing. Serious, qualified investors only.

7104 Colfax Road | MLS# 5193980

This single family home located at 7104 Colfax Road, Cleveland, OH 44104 is currently listed for sale with an asking price of $107,500. This property was built in 1900 and has 3 bedrooms and 1 full and 1 partial baths with 856 sq. ft. Colfax Road is located in the A W Fairbanks Sub subdivision within the Cleveland Municipal - 1809 school district. Search A W Fairbanks Sub real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Partial, Unfinished
Cooling: Central Air
Days on Market: 2
Heating: Forced Air, Gas
Home Style: Bungalow, Cape Cod
Lot Size: 0.08 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $408 / year
Year Built: 1900

Feature Descriptions

Exterior: Vinyl Siding
Fencing: Chain Link, Full
Parcel#: 124-26-021
Parking: No Garage, None
Patio/Porch: Porch
Sewer: Public Sewer
View: City
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Source: Delta Media Group, Inc.

Demographics

Cuyahoga County Demographic Information for 7104 Colfax Road, Cleveland, OH 44104
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 589.85 per month $524.49 Principal & Interest $34.00 Property Tax $31.35 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage