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3568 E 118th ST Cleveland, OH 44105
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Key Details
Sold Price $70,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $32
Subdivision Union Rice
MLS Listing ID 5187749
Sold Date 10/01/26
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,200
Year Built 1920
Annual Tax Amount $1,636
Tax Year 2024
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Duplex
Stories Three Or More
Story Three Or More
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.
Location
State OH
County Cuyahoga
Community Curbs, Laundry Facilities, Medical Service, Playground, Park, Shopping, Street Lights, Sidewalks
Direction East
Rooms
Basement Full, Unfinished
Interior
Interior Features Built-in Features, Ceiling Fan(s), Eat-in Kitchen
Heating Forced Air, Gas
Cooling Ceiling Fan(s)
Fireplace No
Appliance Range, Refrigerator
Laundry Washer Hookup, In Basement
Exterior
Exterior Feature Balcony
Parking Features Detached, Garage Faces Front, Garage, Off Street
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Community Features Curbs, Laundry Facilities, Medical Service, Playground, Park, Shopping, Street Lights, Sidewalks
Water Access Desc Public
Roof Type Slate
Accessibility None
Porch Balcony
Private Pool No
Building
Lot Description City Lot, Flat, Level
Faces East
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 137-01-061
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Non-Member Non-Member • Non-Member
NEARBY SCHOOLS & BUSINESSES
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