723 E 165th Street
Cleveland, OH, 44110
Price$120,000
Beds5
Baths2
SqFtn/a
Baths2
SqFtn/a
Status:Active
Property Type:Residential
School:Cleveland Municipal – 1809
Property Type:Residential
School:Cleveland Municipal – 1809
**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.
| Price | $120,000 | |
| Bedrooms | 5 | |
| Full Baths | 2 | |
| Half Baths | 0 | |
| Total Baths | 2 | |
| Property Style | Colonial | |
| Lot Size Area | 0.164 | |
| Lot Size Area Units | Acres | |
| Acres | 0.164 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Single Family Residence | |
| Stories | 2 | |
| Year Built | 1900 | |
| Fireplaces | 0 | |
| Subdivision | Gund | |
| Roof | Asphalt, Fiberglass | |
| Heating | Forced Air | |
| Parking Description | Driveway | |
| Directions | East on St.Clair, Right on E. 165. | |
| County | Cuyahoga | |
| Latitude | 41.560905 | |
| Longitude | -81.564727 | |
| Address | 723 E 165th Street, Cleveland, OH 44110 | |
| Postal Code | 44110 | |
| City | Cleveland | |
| State | OH | |
| Country | United States | |
| Listing Office | BHR & Associates | |
| Listing Office Phone | 216-220-7886 | |
| Listing Office Email | [email protected] | |
| Listing Agent | Crystal Williamson | |
| Listing Agent Phone | 216-577-4608 | |
| Attribution Contact | [email protected], 216-577-4608 | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Terms | Cash,Conventional,FHA,Other | |
| District | Cleveland Municipal – 1809 | |
| Days on market | 25 | |
| MLS Status | Active | |
| Listing Last Modified | Aug 9, 2026 | |
| Tax ID | 116-21-021 | |
| Tax Year | 2025 | |
| Tax Annual Amount | 1225 | |
| MLS # | 5226909 | |
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