14704 HALE AVE

CLEVELAND, OH 44110
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6 bd, 2 ba | 1,344 sqft | Built in 1905

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List Price
$85,000

Initial Investment

$23,163

Purchase Price

$85,000

Down Payment

25%

Rent

$1,350

Total Return

$44,753

Annualized Return

29.4%

Cap Rate

11.1%

Gross Yield

19.1%

Cash Flow

$3,874

Appreciation

5.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

2,415

HOA

None

Flood Risk

Not Required

Welcome to 14704 Hale Ave, a spacious 6-bedroom, 2-bathroom colonial near Cleveland’s historic Collinwood neighborhood. This classic home blends old-world charm with modern updates, offering an excellent opportunity to add the final touches and make it your own!
Step inside to find a huge floorplan featuring rare a first-floor bedroom and full bathroom, ideal for guests or one-floor living. The second floor features four additional bedrooms, including two tandem rooms, providing great flexibility. Another full bathroom rounds out the second floor, while the third floor offers a large additional living space, perfect for a bonus room, play area, or private retreat. The basement has already had preparations done for finishing it off as well as newer mechanicals put into place.
Many recent updates have been completed, bringing fresh life to this home, but a few finishing touches remain needed to complete the transformation. Whether you're an investor or a homeowner looking to build equity, this property is a fantastic opportunity in a prime location.
Situated near Collinwood’s vibrant arts and cultural district, parks, shopping, and minutes from Lake Erie, this home offers convenience and character in one package. Don’t miss your chance to restore and personalize this gem... schedule your showing today!

See more in Analysis
Alex Johnson
Real Estate Quest, LLC
OH Agent License #2007002717

Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$4,595

Property Taxes

-$2,300

Loan Payments

-$4,621

Net Cash Flow

$3,874

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Marcus Ezzone
Agent License 2020007163
McDowell Homes Real Estate Services
Certified Agent Brokerage:Alex Johnson
Real Estate Quest, LLC
OH Brokerage License 2004018595
SourceMLS Now
MLS #5111932
Last Updated: 04/11/2025 00:04
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