$144,000
FOR SALE16029 Friend Avenue
Maple Heights, Oh, 44137
MLS #5190372
Subdivision: Friend
Building: -
3 Beds
1/- Baths
950 sqft
$ 151.58 /sqft
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW $1,550/MO WITH UPSIDE BUILT INHard to find a fully rehabbed, stabilized Maple Heights rental like this currently rented at $1,550/mo through CMHA Section 8 with 100% of rent paid by the government (no tenant portion). The home is currently rented well below true market rents for this special Maple Heights zip code, which pays more than many surrounding cities, and could command significantly more with either a new tenant or an approved rent increase that has just been submitted to Section 8. The tenant is cooperative, happy, moving to month-to-month, and the new owner has plenty of flexibility to either keep her in place at an under-market rate or reposition to full market rents over time.Maple Heights in general is an extremely high-demand rental city, and this particular street is even more desirable a fairly quiet, clean block in an ideal location that helps units rent fast and stay full. Property is fully rehabbed and investor-ready. Turnkey. Recent improvements include brand-new vinyl dual-pane windows, new appliances, fresh paint throughout, refinished flooring, and an updated basement major CapEx already handled. Nothing left to do but collect strong cashflow now while you decide how aggressively you want to push the upside.HIGH DSCR at list price and a solid long-term hold in a market that consistently commands strong rents. Great location, great numbers, and a clean setup that works well for both first-time and scalable portfolio investors. Quality remodel. Lead-based paint testing completed and passed; report available upon request. Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. **Showings only after accepted offer.**
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Listing Courtesy of: Team Results Realty
