$120,000
 $798 est/mo Sourced by Back At You

723 E 165th Street,Cleveland, OH 44110

Cleveland, OH 44110

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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. Being sold as-is.

Details

MLS #5226909
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1900
Days On Site58
Listing Provided ByBHR & Associates | Crystal R Williamson

Features

Bed(s)5
Bath(s) 2 Total
BasementY
Story(s)2
Acreage0.16

Parking

Garage Yes / NoNo
Parking FeaturesDriveway

Taxes

Tax Annual Amount1225

Area Information

StateOH
CountyCuyahoga
CityCleveland
Zip Code44110
Community NameGund
Listing VS Median (in Gund)
Price:
$120,000
low | high
Med:
$0
On site:
58
low | high
Med:
Sourced by Back At You

Market Activity 44110

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Learn More About This Property

StateOH
CountyCuyahoga
CityCleveland
Zip Code44110
Community NameGund
Listing VS Median (in Gund)
Price:
$120,000
low | high
Med:
$0
On site:
58
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $90K - $150K
sqft: 0 - 0
Listing Updated: August 10, 2026 at 6:42:40 PM PDT
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