17005 Lipton Avenue, Cleveland, OH 44128
Local realty services provided by:ERA Real Solutions Realty
Listed by:scott a marvin
Office:team results realty
MLS#:5136101
Source:OH_NORMLS
Price summary
- Price:$159,000
- Price per sq. ft.:$88.73
About this home
ATTENTION INVESTORS: TURNKEY HUGE CASH COW IN PRIME LOCATION — $2,043/MO, CMHA SECTION 8!
Fully rehabbed, completely remodeled, this turnkey single-family rental is currently bringing in $2,043/mo ($1,943 from CMHA--Excellent 95% split!). Stable, happy, cooperative tenant in place under CMHA Section 8, with massive government-backed income! Massive rents, huge cash flow, excellent DSCR ratio!
Located on an excellent, high-demand and quiet street, this asset delivers Maple Heights-level rents and demand, but with low Cleveland taxes, boosting yield. Homes here rent quickly and remain occupied long-term.
MAJOR CAPEX COMPLETED! Interior was fully remodeled: brand-new kitchen cabinets, countertops and faucets, updated bathroom, refinished basement, new lighting throughout, new kitchen tile flooring, and BRAND NEW LOW-E WINDOWS (dual-pane energy-efficient vinyl windows) throughout. Modern, low-maintenance, and a long-term CapEx saver.
LEAD BASED PAINT CERTIFIED! Lead-based paint testing completed and passed, and the property is Cleveland Lead-Safe certified in compliance with city requirements . Reports are available upon request.
Fully rehabbed, rent-stabilized, quality remodel, 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. Showings after accepted offer.
Contact an agent
Home facts
- Year built:1957
- Listing Id #:5136101
- Added:46 day(s) ago
- Updated:August 16, 2025 at 02:13 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,792 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Shingle
- Year built:1957
- Building area:1,792 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$159,000
- Price per sq. ft.:$88.73
- Tax amount:$730 (2024)
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