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$150,000
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Property Description
Welcome to an updated & income-producing Colonial offering an excellent opportunity for investors seeking a turnkey addition to their rental portfolio! The home features 5 bedrooms & 2 bathroom, providing a spacious & versatile layout with strong rental potential. The main living area offers a comfortable living room, a renovated kitchen featuring newer cabinetry, butcher block countertops, recessed can lighting, & modern finishes, with adjoining dining space, & plenty of room throughout for everyday living. The basement provides additional storage space along with potential for future value-add opportunities. The property has undergone extensive updates, newer LVP flooring runs throughout the home, while the updated bathroom offers a refreshed & contemporary appearance. Additional improvements include newer vinyl windows, updated plumbing & electrical systems, newer roof, newer hot water tank, & newer furnace-helping reduce the likelihood of major near-term capital expenditures. Investors can begin generating income from day one, as the property is currently tenant occupied at $1,800/mo., on a month-to-month lease. The combination of strong rental income, 5 bedroom configuration, substantial improvements, & an existing tenant makes this an attractive opportunity for investors. Located in Cleveland with access to major roads & public transportation, the property is also near shopping, schools, parks, restaurants, & a wide variety of everyday amenities. Professional management in place & willing to stay on. Full service management with dedicated departments for leasing, marketing, tenant communication. Plus rehab & construction services available for remote investors! Whether you're looking for immediate cash flow or a well-updated rental with long-term income potential, this property offers the space, improvements, & rental performance investors look for! Schedule your showing! No wholesalers. No Seller financing. No low ball offers.
Full Property Details
Full Property Details for 994 Parkwood Dr
General
- Price: $150,000
- Taxes: $1,698 (2025)
- Status: Active
- Type: Single Family
- Source: 505
- MLS ID: 5242304
- Updated: 9/3/2026
- Added to Site: 24 day(s) ago
Interior
- Number of Rooms: 8
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main: 1
Exterior
- Porch/Patio/Deck: Porch
Parking
- Parking Features: Driveway
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Amor & Carpenters
- Driving Directions: On Parkwood Drive, between Greenlawn Avenue and Amor Avenue
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full
- Roof: Slate
- Stories/Levels: 2
- Square Feet: 1,400
- Living Area: 1,400 Sq. Ft.
- Finished Above Grnd: 1,400 Sq. Ft.
- Year Built: 1920
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1065
- Lot Size: .1065
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $1,698
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 370 A & C 0120 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 109-13-026
Listed by RE/MAX Haven Realty, Michael Azzam
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Schools
Schools serving 994 Parkwood Dr
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Franklin D. Roosevelt 800 Linn Drive, Cleveland, OH 44108 | PK-8 | 0.3 mi |
Stephanie Tubbs Jones 11901 Durant Avenue, Cleveland, OH 44108 | PK-8 | 0.4 mi |
Glenville High School 650 East 113th Street, Cleveland, OH 44108 | 9-12 | 0.6 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 11.1 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 2 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 2 mi |
John Hay Early College High School 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 2 mi |
Mary M Bethune 11815 Moulton Avenue, Cleveland, OH 44106 | PK-8 | 0.8 mi |
Michael R. White 975 East Boulevard, Cleveland, OH 44108 | PK-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 994 Parkwood Dr
Date
Details
Price
Change
Source
9/03/2026
Listed
$150,000
500%
MLS
12/15/2022
Sold
$25,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 994 Parkwood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,697
113%
$11,935
—
2024
$798
—
$11,940
65%
2023
$798
43%
$7,250
—
2022
$559
1%
$7,250
—
2021
$554
6%
$7,250
22%
2020
$523
8%
$5,920
—
2019
$484
—
$5,920
—
2018
$483
-16%
$5,920
-13%
2017
$575
1%
$6,800
—
2016
$571
—
$6,800
—
2015
$570
-10%
$6,800
-10%
2014
$630
1%
$7,530
—
2013
$624
—
$7,530
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 994 Parkwood Dr
994 Parkwood Drive, Loveland, OH 44108 (MLS# 5242304) is a Single Family property with 5 bedrooms and 2 full bathrooms. 994 Parkwood Drive is currently listed for $150,000 and was received on September 03, 2026. Want to learn more about 994 Parkwood Drive? Do you have questions about finding other Single Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

