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3568 E 118th Street, Cleveland, OH 44105

$70,500
4
BD
2
BA
2,200
SqFt
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Sold Price
$70,500
List Price
$72,300
Status
CLOSED
Stories
3
MLS#
5187749
Year Built
1920
Closing Date
Oct 01, 2026
Bedrooms
4
Bathrooms
2
Living Area
2,200
Region
Cleveland
Township
Cleveland
Subdivision / Building
Union Rice
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(440) 539-6347

Property Description

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 $12–18K 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 15–20% cash-on-cash return. Light cosmetic updates and turnover work will position this property for long-term rental success in the 44105 market.

(440) 539-6347
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Additional Information

Taxes
$1,636
Acres
0.11
Sewer
Public Sewer
Exterior Features
Balcony
Roof
Slate
Water
Public
Garage Spaces
2
Heating
Forced Air, Gas
Cooling
Ceiling Fan(s)
School District
Cleveland Municipal - 1809
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Listing Courtesy of: Daniel S Reid, dreid@stoufferrealty.com With Berkshire Hathaway HomeServices Stouffer Realty

Selling Office: Non-Member.

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