Property
Beds
5
Full Baths
2
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
**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 & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
2
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Main Level Bedrooms
2
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.164
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Colonial
Price
-
Sales Price
$120,000
-
Tax Amount
$1,225
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
Cleveland Municipal - 1809
-
High School
Cleveland Municipal - 1809
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
Cleveland Municipal - 1809
High School
Cleveland Municipal - 1809
Listing Courtesy of Crystal R Williamson , BHR & Associates
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AGENT
Gregory Sharier
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