16215 Miles Avenue, Cleveland, OH 44128

• 3 beds |
• 1 bath |
• 980 sqft

Property Description

Welcome to 16215 Miles Avenue, a turnkey investment opportunity offering immediate cash flow and long-term stability in Cleveland’s east side rental market. This single-family home features 3 bedrooms and 1 bathroom, making it an ideal addition to any investor’s portfolio. The property is currently occupied by a long-term tenant who has been in place since 2022, providing proven rental consistency and peace of mind for the next owner. The tenant is under lease through October 2026 and is currently paying $1,050 per month, ensuring reliable income from day one with no vacancy concerns. For investors seeking a low-maintenance, stabilized asset, this property checks all the boxes. With an established tenant, consistent payment history, and a lease secured well into the future, this is a truly hands-off investment opportunity. Whether you're a seasoned investor looking to add to your portfolio or a newer buyer seeking predictable returns, 16215 Miles Avenue offers a strong foundation for long-term success. Opportunities like this—featuring in-place cash flow and extended lease security—do not come around often. Reach out to your favorite Realtor today to learn more about this income-producing Cleveland property.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:17AM

Listing Office:

Lokal Real Estate, LLC. : 216-252-6580

Listing Agent:

Keyano Burgess : 216-387-7220

MLS ID:

5194111

Interior

• Basement: Full
• A/C: None
• Heating: Forced AirGas
• Fireplace: Fireplaces: 0

Exterior

• Style: Ranch
• Parking: No GaragePaved

Construction

• Roofing: AsphaltFiberglass
• General: Aluminum Siding1

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 82 SORR PK S/L 21 ALL 0020 ALL141-05-008

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM