10721 Columbia Avenue

Description

5-Bedroom Renovated Home Near University Circle — Lead Certified & Ready for Tenant Placement! Recently renovated 5-bedroom, 1-bathroom home located less than 2 miles from University Circle, home to Case Western Reserve University, University Hospitals, Cleveland Clinic, and numerous other major educational, medical, cultural, and employment destinations. The home features newer kitchen cabinets, newer carpet throughout, many vinyl windows, and a high-efficiency furnace with the potential to add central A/C. The large basement has been Drylocked for added protection against moisture, providing useful additional storage space. The property is also Lead Certified and ready for tenant placement, making it especially attractive for buyers looking to put the property into service quickly. For owner-occupants, the five-bedroom layout offers plenty of space for a large family, with room for children, guests, a home office, or additional living space. Its convenient location near University Circle provides easy access to some of Cleveland's most prominent institutions and attractions. For investors, the five-bedroom configuration creates multiple avenues for rental income. A qualifying 5-bedroom rental can receive up to approximately $2,079/month through CMHA, or nearly $25,000 in potential annual gross rental income before expenses, subject to program requirements, tenant qualification, and inspection. The spacious bedroom count may also make the property worth considering for group-home or other specialized housing models, depending on applicable licensing and occupancy requirements. With its combination of renovated condition, Lead Certification, five-bedroom layout, proximity to University Circle, and multiple potential rental strategies, this property offers an opportunity for both a large family looking for space and an investor seeking strong income potential!