About This Home

This 5-bedroom, 2-bathroom single family at 723 E 165th Street in Cleveland, OH is listed for $120,000. Built in 1900, on a 0.16 acres lot.

Key Features

  • Built in 1900
  • 0.16 acre lot
  • 2 stories

Property Details

2 stories
2 full
1900
Listing 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.

Monthly Cost Estimate

$642/mo

20% down · 6.5% · 30 years

Principal$87
Interest$520
Insurance$35

Estimates only. Actual payments may vary.

Location

723 E 165th Street

Cleveland, OH 44110

Gund

Property Details

Construction

VinylSiding

Parking

Driveway

Heating

Forced Air

Questions & Answers

This 5-bedroom, 2-bathroom single family at 723 E 165th Street is listed at $120,000. The estimated monthly payment is $642 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.16 acre lot, 2 stories.

This property is listed by Crystal R Williamson.

CW

Crystal R Williamson

License 2018003271

Agent at Brick House Realty

Listed by Brick House Realty · Broker phone: (216) 220-7886 · View on Broker Site · Broker website

MLS# 5226909· Source: MLS Now· 106 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

723 E 165th Street, Cleveland, OH 44110

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