3241 E 116th ST Cleveland, OH 44120
UPDATED:
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
Total Fin. Sqft 1344
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
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, Detached, Garage, On Street
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Shingle
Porch Covered
Garage true
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Schools
School District East Cleveland Csd - 1812
Others
Tax ID 130-01-015
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Nearby Locations
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