17005 Lipton Avenue, Cleveland, OH 44128

• 5 beds |
• 2 baths |
• 1,792 sqft

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.

Listing Status:

Active

Listing Office:

Team Results Realty : 614-382-2124

Listing Agent:

Scott A Marvin : 614-382-2124

MLS ID:

5136101

Interior

• Appliances: RangeRefrigerator
• Basement: Full
• A/C: None
• Heating: Forced AirGas
• Fireplace: Fireplaces: 0

Exterior

• Style: Conventional
• Parking: Off Street

Construction

• Roofing: Shingle
• Windows: Double Pane Windows
• General: Brick2Block

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 83 LEEHTS 0194 ALL143-14-034

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Scott A Marvin, Team Results Realty