$120,000
About this home
**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.
Property details
- MLS #
- 5226909
- Property type
- SingleFamilyResidence
- Subdivision
- Gund
- Status
- Active
- Days on market
- 26
- On market date
- July 15, 2026
- Stories
- 2
- Garage spaces
- N/A
- Lot size
- 0.164 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 245
- Student:teacher ratio
- 16.3:1
- District
- East Academy
- Enrollment
- 504
- Student:teacher ratio
- 11.7:1
- District
- Cleveland Heights-University Heights City
- Enrollment
- 317
- Student:teacher ratio
- 13.8:1
- District
- Cleveland Municipal
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 16 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.