3568 E 118th Street
Cleveland, OH 44105
Investor-friendly buy & hold opportunity at 3568 E 118th St, Cleveland, OH 44105. This 4-bedroom, 2-bath, 2,200 SQFT duplex is tenant-occupied (month-to-month) and offers light rehab potential with an estimated $1218K needed post-vacancy. Built in 1920, the property features separate furnaces (no central AC), 2 newer water heaters, and no major plumbing or electrical issues reported. With an ARV of $135,000, providing ~$35000 in built-in equity. Current rent is $650/month downstairs, with market rent projected at $1,150$1,250/month, offering an estimated cash flow of $300$400/month/ unit and a 1520% cash-on-cash return. Light cosmetic updates and turnover work will position this property for long-term rental success in the 44105 market.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices Stouffer Realty
Agency Contact: dreid@stoufferrealty.com, 216-387-0757
Shown By
Agency Title: Great Move Realty
Agency Phone: (330) 624-9605
Select a format below, new window will open and will prompt you to print.
3568 E 118th Street | MLS# 5187749
This multi-family property located at 3568 E 118th Street, Cleveland, OH 44105 is currently listed for sale with an asking price of $72,300. E 118th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.greatmoverealty.net today.