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723 E 165th St

Cleveland OH 44110

5
2
0.16 ac.
Single-Family
Currently for sale - view listing

Overview

**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.

Features

5 bedrooms
2 bathrooms
0.16 ac. lot size
Single-Family

Property history for 723 E 165th St

2024
Sold
$17,500
08 Jul 2024 by Victor Duqum, of VSD Realty, LLC.
2017
Sold
$19,190
19 Dec 2017 by Mike Wallace, of REMAX Concepts | Des Moines

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Local market activity for 5 bedroom single-family properties in Cleveland

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