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723 E 165th Street, Cleveland, OH 44110

$120,000
  • 723 E 165th Street, Cleveland, OH 44110 Main Photo

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New to the Market Active
BEDS5 BATHS2 full MLS#5226909
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONGund SCHOOLCleveland Municipal - 1809

Property Description

**TURNKEY CASH-FLOW OPPORTUNITY INVESTOR ALERT!** Don't miss this income-producing **5-bedroom, 2-bath Colonial** offered at **$120,000**. Currently generating **$1,500 per month** in rental income (**$18,000 annually**), this property offers immediate cash flow with the potential for long-term appreciation. Completely renovated in **2024**, this investment features significant capital improvements, including a **new roof, windows, flooring, furnace, hot water tank, updated plumbing, and electrical systems**?helping reduce future maintenance expenses and protect your investment. At this price point, investors have the opportunity to acquire a stabilized asset with strong income potential. Run your numbers to evaluate the property's **cap rate**, **cash-on-cash return**, and overall return on investment based on your financing strategy and operating expenses. The spacious five-bedroom floor plan appeals to a broad tenant pool and may offer **future rent growth** as market conditions allow. With major updates already completed, this property provides a solid foundation for dependable cash flow while offering the potential to build equity over time. Whether you're expanding an established portfolio or purchasing your next rental property, this is an opportunity to secure a renovated, income-producing asset at an attractive price.

723 E 165th Street | MLS# 5226909

This single family home located at 723 E 165th Street, Cleveland, OH 44110 is currently listed for sale with an asking price of $120,000. This property was built in 1900 and has 5 bedrooms and 2 full baths. E 165th Street is located in the Gund subdivision within the Cleveland Municipal - 1809 school district. Search Gund real estate on www.tannerrealestate.net today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Unfinished
Cooling: None
Heating: Forced Air
Home Style: Colonial
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,225 / year
Year Built: 1900

Feature Descriptions

Exterior: Vinyl Siding
Parcel#: 116-21-021
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: BHR & Associates
Agency Contact: crwilliamson35@gmail.com, 216-577-4608

Shown By

Agency Title: Tanner Real Estate
Agency Phone: 330.823.8880

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Estimated Payment

$ 404.15 per month $267.07 Principal & Interest $102.08 Property Tax $35.00 Homeowner's Insurance

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