Property
Beds
3
Full Baths
1
1/2 Baths
None
Year Built
1923
Sq.Footage
950
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW — $1,680/MO WITH UPSIDE. Fully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented at $1,680/mo through CMHA Section 8 with 100% of rent paid by the government, delivering strong, predictable cash flow in a city where single-family homes consistently command some of the highest rents. The property remains under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2,339/mo), giving a new owner room to pursue further increases over time, either via future CMHA adjustments or by re-tenanting at updated program/market rates. The street itself sits in a desirable Maple Heights pocket that helps units rent quickly and stay full, supported by a competitive local rental market and solid demand for quality area single-family homes. Recent improvements include brand-new vinyl dual-pane windows, new appliances, fresh paint throughout, refinished flooring, and an updated basement, with major CapEx already handled so the focus can stay on income and strategy rather than heavy repairs. Turnkey, rent-stabilized, and low-maintenance, this asset offers high DSCR at the right price and works equally well for first-time investors or those scaling a Section 8 portfolio. Lead-based paint testing has been completed and passed, with the report available, and a strong, owner-protective lease structure can transfer to the new buyer. Part of a larger stabilized Section 8 portfolio—ask about additional properties. Do not disturb tenants; 48-hour notice is typically required for showings, often after accepted offer.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
1
-
Above Grade Finished Area
950.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Brick, Vinyl Siding
-
Parking
Detached, Garage
-
Patio and Porch Features
Patio
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1359
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Traditional
Price
-
Sales Price
$136,000
-
Tax Amount
$2,492
-
Sq. Footage
950
-
Price/SqFt
$143
HOA
-
Association
No
School District
-
Elementary School
Maple Heights CSD - 1818
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Block
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Cuyahoga
Elementary School
Maple Heights CSD - 1818
Middle School
High School
Listing Courtesy of Scott A Marvin , Team Results Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Team Lead / Realtor®
Tyson Hartzler
Call Tyson today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.