17005 Lipton Avenue Cleveland, OH — $159,000

17005 Lipton Avenue | Cleveland

ATTENTION INVESTORS: TURNKEY HUGE CASH COW IN PRIME LOCATION \u2014 $2,043/MO, CMHA SECTION 8!\r\n\r\nFully 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!\r\n\r\nLocated 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.\r\n\r\nMAJOR 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.\r\n\r\nLEAD 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. \r\n\r\nFully 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 \u2014 INQUIRE FOR INFORMATION ON OTHER LISTINGS.\r\n\r\nDo not disturb tenants. Showings after accepted offer. MLSNow 5136101 Directions to property: I-480 W\r\n2 hr 23 min (161 mi)\r\n\r\nContinue on Lee Rd. Drive to Lipton Ave\r\n2 min (0.9 mi)\r\n\r\nTurn right onto Lee Rd\r\n\r\n0.7 mi\r\n\r\nTurn right onto Lipton Ave