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11 - Property Records & Tax - Property Description - 1278 E 187th St, Cleveland, OH 44110 - 1278 E 187th St, Cleveland, OH 44110.md

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Property1278 E 187th St, Cleveland, OH 44110
FolderREADME & Property Snapshot
KindText
Updated2026-04-06
Dropbox path00 - README & Property Snapshot/11 - Property Records & Tax - Property Description - 1278 E 187th St, Cleveland, OH 44110 - 1278 E 187th St, Cleveland, OH 44110.md

What This File Appears To Be

Property originally listed for sale on the marketplace by *Uber Affordable Homes, LTD*. [Click here](https://learn.lofty.ai/en/articles/6145558-how-the-lofty-marketplace-works) to learn more about how third parties list their properties on the Lofty Marketplace. --- Single Family Home located in Cleveland, Ohio. ## Details - Well maintained since the renovation that was done in 2013 - Tenanted for an extended period and is inspected and maintained often - Updated electrical panel and modern wiri

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Property originally listed for sale on the marketplace by *Uber Affordable Homes, LTD*.

[Click here](https://learn.lofty.ai/en/articles/6145558-how-the-lofty-marketplace-works) to learn more about how third parties list their properties on the Lofty Marketplace.

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Single Family Home located in Cleveland, Ohio.
## Details
- Well maintained since the renovation that was done in 2013
- Tenanted for an extended period and is inspected and maintained often
- Updated electrical panel and modern wiring
- The hot water tank and furnace are both 6 years old
- Neighborhood has a mix of owner occupants and rentals, and is close to the highway, schools, and downtown
- Evernest is holding $918.33 in operating cash for this property to cover unpaid bills from other properties. The Operating Reserve balance reflects what it will be once the funds are released, since these funds are owed to the property. Once the outstanding bills are settled, the cash will be transferred. Learn more [here](https://docs.google.com/spreadsheets/d/1VzjdPl0OKRBI9vQjkrIniJps1Hmz26MTVgjvnxA7qto/edit?usp=sharing).
## Property Management and Insurance
- Managed by ECO Systems LLC
- [Insurance Policy](https://www.dropbox.com/s/pyunary6t8b3jmy/Property%20Insurance%202023-02-10%20-%201278%20E%20187th%20St%20Cleveland%2C%20OH%2044110.pdf?dl=0) through [Obie Insurance](https://www.obieinsurance.com/)
## Occupancy Status
- 1 year lease renewal (10/01/2024 - 10/01/2025)
- $950/month
- The same tenant was previously on a 1 year lease renewal (08/31/2023 - 08/30/2024) at $900/month and a 1 year lease (08/31/2022 - 08/30/2023) at $850/month
- [Lease Agreement](https://www.dropbox.com/scl/fi/z4zeh5iuy7ehja2a1b25w/Lease-10-01-2024-10-01-2025-1278-E-187th-St-Cleveland-OH-44110_Redacted.pdf?rlkey=sunycv5ivt0miver8b9lcjgc7&st=2wsgm83s&dl=0)
## Location Data
- 1/5 Neighborhood Rating on [Roofstock](https://www.roofstock.com/get-neighborhood-rating)
- "C-" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/44110/)
## Due Diligence Documents
- [HouseCanary Property Valuation Report](https://www.dropbox.com/scl/fi/08vi16r5gjbbv651wtpzg/Property-Valuation-Reports-May-2024-1278-E-187th-St-Cleveland-OH-44110.pdf?rlkey=ikm3rycj89wfmvq3wueluy97s&st=jttw4dp1&dl=0)
- [Inspection Report](https://www.dropbox.com/s/g6xuhwdtcik21j0/Inspection%20Report%20-%20Lofty%20Holding%201278%20E%20187th%20Street%20LLC.pdf?dl=0)
- [Inspection Report Repairs](https://www.dropbox.com/s/0m1kdbwql5bbbg1/Inspection%20Report%20Completed%20Repairs%20-%20Lofty%20Holding%201278%20E%20187th%20Street%20LLC.pdf?dl=0)
- [Purchase Agreement](https://www.dropbox.com/s/b7qrhpr9ied0swe/Purchase%20and%20Sales%20Agreement%20-%20Lofty%20Holding%201278%20E%20187th%20Street%20LLC.pdf?dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/iy6sy9y42j6eckufzq93e/DAO-Operating-Agreement-1278-E-187th-St-Cleveland-OH-44110.pdf?rlkey=68zvy7vwvecattnsx6ggla7ac&dl=0)
- [Closing Statement](https://www.dropbox.com/s/3a7fd5erwpdx7b3/Closing%20Statement%20-%20Lofty%20Holding%201278%20E%20187th%20Street%20LLC.pdf?dl=0)
- [View All Documents](https://www.dropbox.com/sh/ldv6xr9ioxdvtqx/AAAXotxNyLL80wU9O__jt6oXa?dl=0)
    - [View All Updates](https://www.loftyassist.com/properties/01FNEZC3W9TXWMWDGQPC4FFMTZ)

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*Extracted from Lofty.ai public listing page on 2026-04-04 via curl.*

## Rent Roll Summary (as of 2026-04-07)

- **Monthly Rent:** $950.00
- **Units:** 1
- **Occupied:** 1 (100.0% Occupied)
- **Outstanding Balance:** $0.00