1034 E 72nd Street, Cleveland, OH 44103

Property Description

Investor Special – 4 Bedrooms, 2 Full Baths + Bonus Room Opportunity knocks at 1034 E 72nd St! Offered at just $49,900, this spacious 4-bedroom, 2-full-bath property with an additional bonus room presents an exciting value-add opportunity for investors looking to build equity and generate rental income. With an estimated after-repair value (ARV) of approximately $140,000 in rent-ready condition, this property offers the potential to create substantial value through a strategic renovation. For investors willing to put in the work, the numbers are worth a closer look. At a projected $50,000 purchase price and $50,000 renovation budget, your total acquisition and rehab cost would be approximately $100,000 before closing costs, financing, holding expenses, and other project costs. Compared with the estimated $140,000 ARV, that represents approximately $40,000 in potential gross equity upon completion, assuming the ARV and renovation budget hold true. The four-bedroom layout offers an advantage over smaller rental properties, opening the door to traditional long-term leasing, larger-household tenants, or a potential room-rental strategy where permitted. The additional bonus room provides flexibility for a home office, recreation space, or other functional use. Investors may also explore applicable housing assistance programs and rental demand in the surrounding Cleveland market. Whether your strategy is to renovate and resell, build a long-term rental portfolio, or explore alternative rental models, this property offers an affordable entry point with meaningful upside potential. Bring your contractor, evaluate the scope of work, and capitalize on the opportunity to transform this property into a valuable income-producing asset. Home is being sold "as is" and seller will make no repairs. I have video of the entire property, message me if youd like to see it.