$139,400
About this home
ATTENTION INVESTORS: TURNKEY MAPLE HEIGHTS SECTION 8 CASH COW — RENTED AND CASHFLOWING FROM DAY ONE! $1,680/MO WITH UPSIDE. POS CLEAR! Fully rehabbed, stabilized Maple Heights rental at 16029 Friend Ave, currently rented with long term renter at $1,680/mo through CMHA Section 8 (100% of rent paid by the government). $20,168 PROJECTED ANUAL RENT!! CASH COW! MASSIVE DSCR RATIO! Do the math! Even at $20k/year currently, the property remains well under true market potential for this zip code (CMHA 2026 FMR for this zipcode is $2,339/mo). Tenant is on a month to month lease giving a new owner flexibility to either retain tenant (excellent cooperative tenant) or re-rent at a higher rate either via future CMHA adjustments or by re-tenanting at updated program/market rates. Quiet Maple Heights suburbia street. Recent improvements include brand new vinyl dual-pane windows, new stainless 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 TESTED ! Comes with cashflowing tenancy and strong transferrable owner lease. 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. HOUSE IS POS VIOLATION FREE! CLEAR POS, NO POS ESCROW REQUIRED. Tenant pays ALL UTILITIES except water! Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!
Property details
- MLS
- NOWDD
- MLS #
- 5241544
- Property type
- SingleFamilyResidence
- Subdivision
- Friend
- Status
- Active
- Days on market
- 23
- On market date
- September 2, 2026
- Stories
- 2
- Total bathrooms
- 1
- Garage spaces
- 2
- Parking spaces
- N/A
- Lot size
- 0.1359 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 554
- District
- Garfield Heights City Schools
- Enrollment
- 769
- Student:teacher ratio
- 14.8:1
- District
- Maple Heights City
- Enrollment
- 1,110
- Student:teacher ratio
- 17.9:1
- District
- Maple Heights City
Walkability
Blended score for Maple Heights's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Maple Heights, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 14 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.