Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    1

  • Above Grade Finished Area

    924.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air, Gravity

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Brick, Vinyl Siding

  • Parking

    Detached, Garage

  • Patio and Porch Features

    Deck, Patio, Porch, Screened

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1038

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Traditional

Price

  • Sales Price

    $189,000

  • Tax Amount

    $3,603

  • Sq. Footage

    924

  • Price/SqFt

    $204

HOA

  • Association

    No

School District

  • Elementary School

    Maple Heights CSD - 1818

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Block

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Maple Heights CSD - 1818

Middle School

High School

Listing Courtesy of Scott A Marvin , Team Results Realty

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ATTENTION INVESTORS: TURNKEY HIGH-END CASH COW IN MAPLE HEIGHTS — $2,350/MO, 100% SUBSIDIZED

This fully remodeled SFH is a true cashflow machine, currently rented at $2,350/mo through EDEN (HUD-funded, similar to Section 8) with 100% subsidy — no tenant portion and significantly reduced collection risk. Month-to-month tenant is cooperative and gives you maximum flexibility: keep the strong cashflow as-is, or plan a future move-out to reposition, flip, or push rents even higher.

The home was completely rebuilt with brand-new everything: new kitchen with quartz countertops, new cabinets and hardware, stainless steel appliances, brand-new refrigerator and stove, brand-new furnace, brand-new hot water tank, and fully updated full-tile bathroom with modern backlit vanity mirrors. Four large bedrooms (two on the main level, two up) make this a highly desirable layout and a strong rent-per-square-foot performer.

The property shows normal cosmetic wear from a living tenant but remains fully updated; if the tenant ever moves out, a light cosmetic refresh is all that's needed to make it show like brand new again. The huge, clean, dry basement offers value-add potential for two additional bedrooms, with comps suggesting rent could push $3,100+ if/when re-approved by the subsidy provider for new tenant if desired. This one offers multiple exit strategies: keep it as a high-yield EDEN cash cow, finish the basement and drive rents higher, or turn it as a retail flip in a VERY STRONG MAPLE HEIGHTS market.

Fully rehabbed, high-end finishes, modern updates, well maintained, low-maintenance asset, fully occupied, major cashflow. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SUBSIDIZED PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer. Artistic marketing renders and photos are transferable to buyer for future use in listings.

5550 Grasmere Avenue

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