Property Description

ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW ? $1,680/MO WITH UPSIDE. Fully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented at $1,680/mo through CMHA Section 8 with 100% of rent paid by the government, delivering strong, predictable cash flow in a city where single-family homes consistently command some of the highest rents. The property remains under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2,339/mo), giving a new owner room to pursue further increases over time, either via future CMHA adjustments or by re-tenanting at updated program/market rates. The street itself sits in a desirable Maple Heights pocket that helps units rent quickly and stay full, supported by a competitive local rental market and solid demand for quality area single-family homes. Recent improvements include brand-new vinyl dual-pane windows, new 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 testing has been completed and passed, with the report available, and a strong, owner-protective lease structure can transfer to the new buyer. 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.

Property Features

Local Schools