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16029 Friend Avenue
Maple Heights, OH 44137

$144,000 - Status: Active
Beds: 3
Baths: 1 full
SQFT: 950
MLS# 5190372

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 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.**

Property Features

MLS#: 5190372
Zip: 44137
Subdivision: Friend
Development: Maple Heights
Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: None
Days on Site: 56
Fireplaces: 1
Garage: 2
Heating: Forced Air, Gas
Home Style: Traditional
Lot Size: 0.14 acres
Roof Type: Shingle
Stories: 2.0
Taxes: $2,492 / year
Year Built: 1923

Feature Descriptions

Appliances: Range, Refrigerator
Exterior: Brick, Vinyl Siding
Fireplace: Wood Burning
Parcel#: 781-06-021
Parking: Detached, Garage
Patio/Porch: Patio
Sewer: Public Sewer
Water: Public

Local Schools

School District: Maple Heights City

16029 Friend Avenue | MLS# 5190372

This single family home located at 16029 Friend Avenue, Maple Heights, OH 44137 is currently listed for sale with an asking price of $144,000. This property was built in 1923 and has 3 bedrooms and 1 full baths with 950 sq. ft. Friend Avenue is located in the Friend subdivision within the Maple Heights City school district. Search Friend real estate on www.greatmoverealty.net today.

Listed By / Shown By

Listed By

Agency Name: Team Results Realty
Agency Contact: 614-382-2124, scottamarvin@gmail.com

Shown By

Agency Title: Great Move Realty
Agency Phone: (330) 624-9605

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