ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW — $1,550/MO WITH UPSIDE BUILT IN 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… Read More 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.** Read Less
Courtesy of Team Results Realty and Scott A Marvin
Listing Snapshot
Days Online
32
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
1
Lot Size
0.14 Acres
Year Built
1923
MLS Number
5190372
30 Days Snapshot Of 44137
$48k
0%
(avg) sold price
30
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range, Refrigerator
Basement
Full
Building
Built in 1923, Architectural style: Traditional, Construction materials: Brick, VinylSiding, Levels: Two, Living area units: SquareFeet, 2, Other structures: Sheds
Fireplaces
WoodBurning, 1 total fireplace
Garage
2 garage spaces
Heating
ForcedAir, Gas
Lot
0.1359 acres
Parking
Detached, Garage
Property
Patio and porch features: Patio
Roof
Shingle
Sewer
PublicSewer
Taxes
Year: 2024
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Yes-MLS. Real estate listings held by brokerage firms other than Keller Williams Legacy Group Realty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker(s). Information is deemed reliable but not guaranteed. Listings last updated . Some properties which appear for sale on this website may subsequently have sold and may no longer be available.
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