749 E 131st Street, Cleveland, OH 44108
- $70,000
- 3
- BD
- 1
- BA
- 1,014
- SqFt
- Sold Price
- $70,000
- List Price
- $95,000
- Status
- CLOSED
- Days on Market
- 42
- Closing Date
- Sep 23, 2025
- MLS#
- 5147658
- Subtype
- Residential
- Style
- Colonial
- Year Built
- 1916
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,014
- Acres
- 0.06
- Subdivision
- Elworthy-Helwick Companys Frs
- Neighborhood
- Elworthy-Helwick Companys Frs
- MLS Area Major
- Cleveland
Property Description
Investors, here’s your chance to own a fully updated, cashflowing Section 8 property with strong upside potential. This 3-bedroom, 1-bath home also features a bonus room on the first floor that can easily be converted into a fourth bedroom to further boost rental income. Currently, the property is generating $1,150 per month with CMHA paying 100% of the rent, and it’s eligible for a rent increase to $1,400–$1,600 per month with the proper adjustment request. The home is lead certified and has undergone significant updates, including a new furnace (2018), hot water tank (2018), electrical (2018), plumbing (2018), updated bathroom (2018), updated kitchen (2018), new flooring (2018), and a roof (2020), windows (2018), ext./int. paint (2018). With all major systems recently updated, this property is truly turnkey—offering minimal maintenance, immediate cash flow, and the security of guaranteed rent in a high-demand rental area. Don't miss out! Reach out to listing agent for walkthrough videos.
Additional Information
- Taxes
- $662
- Property Description
- Colonial
- Heating
- Forced Air
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- Concrete
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Gabriel Newberry, gabriel@lokalrealestate.com With Lokal Real Estate, LLC.
Selling Office: Lokal Real Estate, LLC..Mortgage Calculator
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