3241 E 116th Street, Cleveland, OH, 44120

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$140,000
36 Days On Site

3241 E 116th Street
Cleveland, OH 44120

For Sale|Single Family Residence|Active
5
Beds
1
Total Bath
1
Full Bath
1,344
SqFt
$104
/SqFt
1918
Built
Subdivision:
Johnson Farms
County:
Cuyahoga
Call Now: 330-440-3253
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330-440-3253
3241 E 116th Street3241 E 116th Street3241 E 116th Street3241 E 116th Street
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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. Newly placed tenant on a 1 year lease paying $1700/m allowing cashflow from day one of ownership. 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 a new tenant already in place, 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.

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Listing Snapshot
Price 
$140,000
Days On Site 
36 Days
Bedrooms 
5
Inside Area (SqFt) 
1,344 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.1286 Acres
Year Built 
1918
MLS® Number 
5241788
Status 
Active
Property Tax 
$850.22
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoPrice changed to $140,000
a week agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1286
Disclosures 
Principal Is Real Estate Licensed
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking 
Driveway
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Above 
1344
Style 
Colonial
Water Source 
Public
Interior Features
Basement 
Full
Heating 
Forced Air
Laundry Features 
In Basement
Main Level Bedrooms 
2
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Exterior Features
Construction Details 
Aluminum SidingVinyl Siding
Patio And Porch 
Covered
Roof 
AsphaltShingle
Community Features
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Financing Terms Available 
CashConventional
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Michael Azzam of RE/MAX Haven Realty



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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