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3241 E 116th ST, Cleveland, OH 44120
3241 E 116th ST, Cleveland, OH 44120
3241 E 116th ST, Cleveland, OH 44120
3241 E 116th ST, Cleveland, OH 44120
3241 E 116th ST, Cleveland, OH 44120
3241 E 116th ST, Cleveland, OH 44120
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$ 149,999
Est. payment | /mo

5 Beds

1 Bath

1,344 SqFt


Save
$ 149,999
Est. payment | /mo
Save

5 Beds

1 Bath

1,344 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,344 sqft

Price per Sqft $111

Subdivision Johnson Farms

MLS Listing ID 5241788

Style Colonial

Bedrooms 5

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,344

Year Built 1918

Annual Tax Amount $850

Tax Year 2025

Lot Size 5,601 Sqft

Acres 0.1286

Property Sub-Type Single Family Residence

Property Description

Excellent turnkey investment opportunity for an investor looking to add a strong, income-producing property to their portfolio! This spacious single-family home offers 5 bedrooms and 1 bathroom, providing a desirable layout with plenty of room for comfortable everyday living.

The interior has been refreshed with fresh paint and new luxury vinyl plank flooring throughout, creating a clean, modern, and low-maintenance finish. The large updated kitchen is a standout feature, offering new cabinetry, butcher block countertops, stainless steel appliances, and ample workspace and storage. The bathroom has also been thoughtfully renovated with new tile flooring, a tiled tub surround, new vanity, and updated fixtures and accessories, giving the home a fresh and contemporary feel.

From an investment standpoint, the property is positioned to provide immediate cash flow. A tenant is scheduled to move in on September 9, 2026 under a one-year lease at $1,700 per month, allowing the new owner to benefit from established rental income.

Conveniently located in Cleveland, the property is just minutes from Luke Easter Park, Ludlow Early Learning Center, Fernway Elementary School, Batuqui Brazilian Restaurant, and Select Specialty Hospital – Cleveland Fairhill, and easy access to major roads, public transportation, shopping, schools, parks, restaurants, healthcare facilities, and other everyday amenities.

The property also presents a future Section 8 opportunity, with a CMHA rent standard of approximately $2,150. Full-service property management is available, including dedicated leasing, marketing, and tenant communication departments, along with rehab and construction services for remote investors. With its spacious layout, recent updates, and incoming tenant already secured, this property presents an attractive opportunity for investors seeking a turnkey rental with immediate income potential and long-term value!

No wholesalers, seller financing, or low-ball offers.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Main Level Bedrooms 2

Interior

Heating Forced Air

Cooling None

Fireplace No

Laundry In Basement

Exterior

Parking Features Driveway

Water Access Desc Public

Roof Type Asphalt,Shingle

Porch Covered

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 130-01-015

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com, 216-446-7606

Nearby Locations

Meagan Daisher

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(216) 465-0627

megsdashinghomes@gmail.com

545 Metro Place S., Suite 100, Dublin, OH 43017

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3241 E 116th ST