16029 Friend Avenue, Maple Heights, OH 44137
Local realty services provided by:ERA Real Solutions Realty
Listed by: scott a marvin
Office: team results realty
MLS#:5241544
Source:OH_NORMLS
Price summary
- Price:$139,400
- Price per sq. ft.:$146.74
About this home
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW — RENTED AND CASHFLOWING FROM DAY ONE! $1,680/MO WITH UPSIDE.
POS CLEAR!
Fully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented with long term renter at $1,680/mo through CMHA Section 8 (100% of rent paid by the government).
$20,168 PROJECTED ANUAL RENT!! CASH COW!
MASSIVE DSCR RATIO! Do the math!
Even at $20k/year currently, the property remains well under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2,339/mo). Tenant is on a month to month lease giving a new owner flexibility to either retain tenant (excellent cooperative tenant) or re-rent at a higher rate either via future CMHA adjustments or by re-tenanting at updated program/market rates.
Quiet Maple Heights suburbia street.
Recent improvements include brand new vinyl dual-pane windows, new stainless 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 TESTED !
Comes with cashflowing tenancy and strong transferrable owner lease.
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.
HOUSE IS POS VIOLATION FREE! CLEAR POS, NO POS ESCROW REQUIRED.
Tenant pays ALL UTILITIES except water! Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!...
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Home facts
- Year built:1923
- Subdivision & Development:Friend
- Listing ID #:5241544
- Added:55 day(s) ago
- Updated:October 28, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:5
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:950 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Fiberglass, Shingle
- Year built:1923
- Building area:950 sq. ft.
- Lot area:0.14 Acres
- Construction Materials:Aluminium Siding, Vinyl Siding
- Exterior Features:Patio
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$139,400
- Price per sq. ft.:$146.74
- Tax amount:$2,059 (2025)
Features and amenities
- Appliances:Range, Refrigerator
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:2
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