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Property Description

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.

Features
: Gas, Forced Air
: No
: Off Street
: Refrigerator, Range
: Block
Address Map
OH
Cuyahoga
Cleveland
Lipton
17005
Avenue
44128
W82° 26' 21.6''
N41° 26' 9.1''
Property Details
Active
Team Results Realty
Scott A Marvin
2018003245
20153
143-14-034
: Shingle
: Public Sewer
2
2
Conventional
: Brick
: Public
$730
01/07/2025 10:56:30
No
No
No
No

17005 Lipton Avenue, Cleveland, Ohio

Residential For Sale

2 Bathrooms
1,792 Sqft
$159,000
Listing ID #5136101
Basic Details
Property Type : Residential
Property Sub Type : Single Family Residence
Levels : Two
Listing Type : For Sale
Listing ID : 5136101
Price : $159,000
Rooms : 9
Bathrooms : 2
Square Footage : 1,792 Sqft
Year Built : 1957
Lot Area : 0.15 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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