UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $151
Subdivision Friend
MLS Listing ID 5190372
Style Traditional
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 950
Total Fin. Sqft 950
Year Built 1923
Annual Tax Amount $2,492
Tax Year 2024
Lot Size 5,919 Sqft
Acres 0.1359
Property Sub-Type Single Family Residence
Property Description
Hard 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.**
Location
State OH
County Cuyahoga
Rooms
Other Rooms Shed(s)
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Yes
Appliance Range, Refrigerator
Exterior
Parking Features Detached, Garage
Garage Spaces 2.0
Garage Description 2.0
Water Access Desc Public
Roof Type Shingle
Porch Patio
Garage true
Private Pool No
Building
Entry Level Two
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Additional Building Shed(s)
Schools
School District Maple Heights Csd - 1818
Others
Tax ID 781-06-021
Special Listing Condition Standard
Nearby Locations
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