1034 E 72nd ST Cleveland, OH 44103
4 Beds
2 Baths
1,353 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,353 sqft
Price per Sqft $36
Subdivision M & M Halles
MLS Listing ID 5259390
Style Colonial
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,353
Year Built 1915
Annual Tax Amount $956
Tax Year 2025
Lot Size 2,700 Sqft
Acres 0.062
Property Sub-Type Single Family Residence
Property Description
Opportunity knocks at 1034 E 72nd St! Offered at just $49,900, this spacious 4-bedroom, 2-full-bath property with an additional bonus room presents an exciting value-add opportunity for investors looking to build equity and generate rental income. With an estimated after-repair value (ARV) of approximately $140,000 in rent-ready condition, this property offers the potential to create substantial value through a strategic renovation.
For investors willing to put in the work, the numbers are worth a closer look. At a projected $50,000 purchase price and $50,000 renovation budget, your total acquisition and rehab cost would be approximately $100,000 before closing costs, financing, holding expenses, and other project costs. Compared with the estimated $140,000 ARV, that represents approximately $40,000 in potential gross equity upon completion, assuming the ARV and renovation budget hold true.
The four-bedroom layout offers an advantage over smaller rental properties, opening the door to traditional long-term leasing, larger-household tenants, or a potential room-rental strategy where permitted. The additional bonus room provides flexibility for a home office, recreation space, or other functional use. Investors may also explore applicable housing assistance programs and rental demand in the surrounding Cleveland market.
Whether your strategy is to renovate and resell, build a long-term rental portfolio, or explore alternative rental models, this property offers an affordable entry point with meaningful upside potential. Bring your contractor, evaluate the scope of work, and capitalize on the opportunity to transform this property into a valuable income-producing asset.
Home is being sold "as is" and seller will make no repairs.
I have video of the entire property, message me if youd like to see it.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling Other
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Three Or More
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 105-27-079
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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