1268 E 169th Street Cleveland, OH — $139,000

1268 E 169th Street | Cleveland

ATTENTION INVESTORS: TURNKEY SECTION 8 BRICK CASH COW IN WATERLOO ARTS DISTRICT \u2014 $1,395/MO WITH UPSIDE BUILT IN\r\n\r\nThis one checks all the investor boxes: CMHA Section 8 tenant paying 100% $1,205/mo, plus an additional $190/mo in garage rent from the same tenant \u2014 total of $1,395/mo in collected rent. And it\u2019s due for a rent increase, offering baked-in upside. Tenant is stable, cooperative, and happy to stay.\r\n\r\nLocated in Cleveland\u2019s exploding Waterloo Arts District, this neighborhood is seeing surging demand, appreciation momentum, and an influx of culture, restaurants, and nightlife. With Euclid rents influencing the CMHA range in this pocket, Section 8 payouts are stronger here than typical east side comps. This is a prime appreciation \u002B cashflow play.\r\n\r\nValue-add potential: large dry basement \u2014 could easily support 2 additional bedrooms \u002B bath, pushing rent another $500\u2013$700/month for minimal build out.\r\n\r\nCapEx already completed: Quality remodel! full interior repaint, painted basement, good mechanicals, updating throughout. Solid rick exterior, large windows with great natural light, long private driveway, and single car garage with existing rental income. Next to a city-owned vacant lot \u2014 extra privacy, elbow room and light.\r\n\r\nLEAD BASED PAINT TESTING COMPLETED AND PASSED.\r\n\r\nFully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective.\r\n\r\nPART OF A LARGER STABILIZED SECTION 8 PORTFOLIO \u2014 INQUIRE FOR INFORMATION ON OTHER LISTINGS.\r\n\r\nDo not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer. Artistic marketing renders and photos are transferable to buyer for future use in listings. MLSNow 5134806 Directions to property: Exit 180B from I-90 E\r\n\r\nContinue on S Waterloo Rd. Take Villaview Rd to E 169th St