ATTENTION INVESTORS: SECTION 8 VALUE-ADD UPSIDE — RENT RESET PLAY WITH PROJECTED $1,600–$1,900/MO Ideal for an investor who wants control and upside instead of just inheriting an old, under-market lease. The current CMHA tenant is on a month-to-month lease and has fallen behind on rent, but is cooperative and… Read More willing to work with ownership, creating a natural transition point to either structure a cure plan or non-renew and bring in a fresh, fully qualified Section 8 tenant at today's stronger rent levels. Based on current CMHA schedules and area performance, a refreshed tenancy is expected to support a revised rent in the projected $1,500–$1,900/month range, subject to CMHA approval and buyer verification. The house also has a value-add opportunity with ample basement space to add 2 more bedrooms, increasing the rent potential to $1800-2400/mo. Located in a high-demand rental corridor on Cleveland's east side, this property sits in a strong proven Section 8 pocket where homes lease quickly and stay full. The house itself is in good shape, with key CapEx already handled — including a recent partial roof replacement — helping limit long-term deferred maintenance and keeping the focus on rent strategy rather than heavy repairs. Lead-based paint testing has been completed and passed, with the report available upon request, offering a compliance-ready asset for a new owner. Month-to-month status gives maximum flexibility to line up your next tenant and transition on your schedule while keeping options open with the current, cooperative renter. Once stabilized with a new or restructured Section 8 contract at updated rent, this becomes the kind of low-drama, government-backed income stream that performs well as a long-term hold. 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
33
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
1
Lot Size
0.11 Acres
Year Built
1920
MLS Number
5190375
30 Days Snapshot Of 44120
$156k
+104%
(avg) sold price
2
-50%
homes sold
102
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full
Building
Built in 1920, Architectural style: Traditional, Construction materials: Brick, VinylSiding, Levels: Two, Living area units: SquareFeet, 2
Heating
ForcedAir, Gas
Lot
0.1117 acres
Parking
OffStreet
Roof
Shingle
Sewer
PublicSewer
Taxes
Year: 2025
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