723 E 165th Street Cleveland, OH — $120,000

723 E 165th Street | Cleveland

**TURNKEY CASH-FLOW OPPORTUNITY \u2013 INVESTOR ALERT!** Don\u0027t 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.\r\n\r\nCompletely renovated in **2024**, this investment features significant capital improvements, including a **new roof, windows, flooring, furnace, hot water tank, updated plumbing, and electrical systems**\u2014helping 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\u0027s **cap rate**, **cash-on-cash return**, and overall return on investment based on your financing strategy and operating expenses.\r\n\r\nThe 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.\r\n\r\nWhether you\u0027re 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. MLSNow 5226909 Directions to property: East on St.Clair, Right on E. 165.