Solid Cashflow in Maple Heights with Equity!

3 Beds / 1 Baths • 1,527 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1
  • 1920
  • 1527
  • 18500

Description

15*** Friend Ave, Maple Heights, OH 44137

Off-market single-family rental located in the heart of Maple Heights. This 3-bedroom / 1-bath home is tenant-occupied with a CMHA (Section 8) tenant, providing immediate, stable cash flow from day one.

The current rent has not been increased in years, offering a clear value-add opportunity. Based on current CMHA rent guidelines for the 44137 zip code, there is strong potential to raise rents to $1,500+ per month, subject to inspection approval and guideline adjustments.

Highlights:

  • Tenant-occupied with CMHA (government-backed rent)
  • Consistent payment history
  • 3 beds / 1 bath – high demand layout
  • Rent upside through adjustment to current CMHA standards
  • Strong rental pocket with long-term investor demand
  • Ideal for buy-and-hold investors seeking predictable cash flow

Property is being sold as-is.

Do not disturb tenant.

Off-market offering – limited availability.

Estimated Spread

  • ARV $165,000
  • Price $115,000
  • Spread $50,000

DOCS

File Name Size

POS 15601 Friend.pdf

38kb
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